Bite Investments announced it has acquired Untap, a portfolio management and fund-intelligence platform, as the company expands the capabilities of its Bite Stream technology platform for alternative investment managers and wealth managers.
London-based Bite Investments develops digital technology solutions for the alternative asset industry through its Bite Stream SaaS platform, which streamlines the investment lifecycle from fundraising and investor relations to reporting and data management.
The acquisition strengthens Bite Stream’s portfolio intelligence and ESG reporting capabilities, with the combined platform designed to improve transparency, portfolio oversight, and operational efficiency for investors and wealth managers.
Untap’s platform is widely used by private-market managers and enables firms to capture financial, operational, and qualitative information in a single environment. The technology integrates structured and unstructured data and automates portfolio analytics, reporting, and value-creation tracking across private equity, real estate, infrastructure, and private credit funds.
Following the acquisition, Bite Stream will expand across several capabilities, including AI-driven fund intelligence and portfolio visibility, value-creation and KPI tracking, ESG data collection and reporting, investor reporting and transparency, and investor onboarding and communications.
Bite Investments said the acquisition builds on recent strategic investments in the company from NewSpring Capital, as well as additional investments from Proof Point Capital and Osage Venture Capital. Those investments have helped accelerate the company’s product roadmap as it expands the Bite Stream platform.
The combined platform will connect investor onboarding and engagement tools with underlying portfolio and fund data, allowing managers to provide clearer insight into performance drivers and fund activity. Bite Investments said existing clients of both platforms will continue to be supported as the integration progresses.
In the near term, the company plans to focus on strengthening data infrastructure, expanding reporting flexibility, and further integrating investor and portfolio capabilities within the Bite Stream platform.
Support: Untap was advised by Hart Brown as legal counsel, PwC on tax matters, and Kitra Advisory as financial advisors.
KEY QUOTES:
“Private-market managers today must demonstrate how value is built across their portfolios, not simply report results. Untap’s AI-powered portfolio management and investor reporting capabilities give managers better visibility into performance drivers and help them communicate those insights clearly to investors. This acquisition brings our technologies together under a unified roadmap and further strengthens Bite Stream as a comprehensive investor experience platform.”
Scott Hofmann, President of Bite Investments
“Untap was founded on the belief that better portfolio data leads to better decisions. We are excited to be part of the vision behind NewSpring’s investment in Bite Investments. The transformation of alternative investments into an asset category open to the wider public requires a fundamental shift in the operational and digital platforms that support the industry, and we want to be at the center of this revolution.”
Juan Manrique, Co-Founder of Untap
“We have partnered with Untap’s portfolio monitoring platform for many years. We’re pleased for the team as they embark on this next chapter, and we look forward to continuing our relationship as they further develop their capabilities.”
Razzak Akbar, CFO of Freshstream
