Bite Investments, a leading provider of technology solutions for the alternative investments sector, has announced it has secured $25 million in strategic growth capital from NewSpring Growth, the dedicated growth equity strategy of NewSpring Capital focused on high-growth, industry-transforming technology businesses.
The funding marks a significant milestone in Bite Investments’ mission to streamline the investor experience and democratise access to alternative investments. The investment will enable the company to scale its technology platform, expand its team further, and enhance services for asset managers and investors worldwide.
Bite Investments’ flagship product, Bite Stream, is an end-to-end modular platform that delivers a single, cloud-based hub for managing every stage of the investor journey. The solution simplifies investor onboarding and communication, providing a unified portal for both limited partners and retail investors to view all their holdings in one place. Bite Stream has become an essential and intuitive tool for clients to fundraise and manage investors. As private markets’ global AUM continues to rise sharply, Bite Stream aims to lead the industry into a new era of automation for alternative asset management.
Point solutions are becoming obsolete. Retailisation and innovation define the path forward.
For decades, private markets have relied on siloed, legacy systems that impede innovation and constrain growth. Bite Investments addresses this challenge by offering a single-platform solution that unifies the investor and manager experience. NewSpring’s strategic growth capital will accelerate this approach, enabling Bite Investments to close critical gaps in private market technology and deliver improved efficiency, transparency, and access.
“Bite Investments reflects the kind of forward-looking innovation that aligns perfectly with NewSpring’s investment strategy,” said Jonathan Brassington, Advisory Partner at NewSpring Capital. “Their integrated platform is redefining how private markets connect investors and managers, making the industry more transparent, scalable, and accessible. We are proud to partner with Bite Investments’ team to accelerate their global growth and help shape the future of alternative investments.”
“We’re delighted to have secured the support of NewSpring,” said William Rudebeck, Co-Founder and CEO of Bite Investments. “Throughout the process, we prioritised finding a partner who brought more than just capital, helping Bite Investments on its journey to become the leading investor software solution for the alternative asset management industry. NewSpring is led by highly successful serial entrepreneurs and operators who have driven digitisation in innovative companies across the software and tech-enabled services industries for over 25 years. NewSpring deeply understands both asset and wealth management, recognises the strength of what we have created, and sees the potential of our integrated services to foster real innovation in private markets.”
“Our journey over the past 15 years has been about building a business that truly understands the complexities of alternative investments,” added Henry Talbot Ponsonby, Co-Founder of Bite Investments. “This funding marks the start of an exciting new chapter where we accelerate innovation, deepen our product offerings, and strengthen our global reach to better serve our clients and the market as a whole. With this funding, we are advancing our vision to combine proven expertise, modern technology, and a service model created by alternative managers, for alternative managers, to truly redefine investor engagement.”
Bite Investments was advised by Piper Sandler as financial adviser and Paul Hastings as legal counsel.
NewSpring was advised by Baker Tilly on financial matters, KPMG on tax, and Cozen O’Connor for legal counsel.
