Bite Stream, the flagship software platform developed by Bite Investments—an industry-leading provider of innovative technology solutions for the alternative investments sector—has made headlines by securing $25 million in strategic growth capital from NewSpring Growth. This capital comes from NewSpring Capital’s dedicated growth equity strategy, which focuses on investing in rapidly expanding technology companies poised to transform their industries.
This substantial funding marks a pivotal achievement for Bite Investments, as it advances its mission to enhance the investor experience and broaden access to alternative investments for a broader audience. With this new influx of capital, the firm is well-positioned to further scale its sophisticated technology platform, significantly expand its talent pool, and enhance its service offerings for asset managers and investors on a global scale.
Bite Investments’ flagship product, Bite Stream, is a comprehensive, modular platform that provides a single, cloud-based hub to effectively manage every aspect of the investor journey. This solution not only streamlines the investor onboarding process but also facilitates ongoing communication between investors and fund managers.
By providing a centralized portal, both limited partners and retail investors can easily access and monitor all of their investment holdings in one convenient location. As a result, Bite Stream has emerged as an indispensable and user-friendly tool for clients seeking to optimize their fundraising efforts and manage investor relations more effectively.
As the total assets under management (AUM) in private markets continue to surge worldwide, Bite Stream is committed to leading the charge toward a new era of automation and efficiency in the alternative asset management sector. Historically, the private markets sector has been hampered by siloed, outdated systems that stifle innovation and hinder growth. Bite Investments aims to revolutionize this landscape by offering an integrated platform solution that unifies the experiences of both investors and fund managers.
The strategic growth capital from NewSpring will play a critical role in accelerating Bite Investments’ ambitious strategy. It will empower the firm to address existing gaps in the technology landscape of private markets, ultimately delivering enhanced efficiency, increased transparency, and broader access to alternative investment opportunities.
Advisors: Bite Investments was advised by Piper Sandler as financial advisor and Paul Hastings as legal counsel. NewSpring was advised by Baker Tilly on financial matters, KPMG on tax matters, and Cozen O’Connor for legal counsel.
KEY QUOTES:
“Bite Investments reflects the kind of forward-looking innovation that aligns perfectly with NewSpring’s investment strategy. 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.”
Jonathan Brassington, Advisory Partner, at NewSpring Capital
“We’re delighted to have secured the support of NewSpring. Throughout the process, we prioritized 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 digitization in innovative companies across the software and tech-enabled services industries for over 25 years. NewSpring deeply understands both asset and wealth management, recognizes the strength of what we have created, and sees the potential of our integrated services to foster real innovation in private markets.”
William Rudebeck, Co-Founder and CEO of Bite Investments
“Our journey over the past 15 years has been about building a business that truly understands the complexities of alternative 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.”
Henry Talbot Ponsonby, Co-Founder of Bite Investments
