Helsinki-based Rundit has been acquired by Greenstep, marking a strategic move to merge modern fund reporting software with full-scale fund administration services. Rundit, whose platform is used by VC and PE investors in more than 40 countries to automate portfolio data collection and LP reporting, will continue operating as a standalone product and team under Greenstep’s ownership. While financial terms were not disclosed and no new funding round was announced alongside the deal, the acquisition signals a shift toward integrated, end-to-end fund services. Greenstep plans to combine Rundit’s technology with its fund accounting, compliance, tax, and operational expertise to build a highly automated back-office platform for funds across Europe, reducing manual work and data silos while scaling the offering internationally.
Founded to simplify portfolio monitoring and investor reporting for venture capital and private equity funds, Rundit has built a reporting platform now used by investment teams in more than 40 countries. The company has focused on automating data collection from portfolio companies and standardising LP reporting, positioning itself as a specialised technology provider rather than a full back-office operator.
Jori Karstikko, Founder and CEO of Rundit, sees the combination as a turning point for the industry.
“Greenstep’s acquisition of Rundit is a defining moment for our customers and a major step forward for fund services globally. With customers in over 40 countries, Rundit has developed a modern, agile platform for portfolio and investor reporting, supported by a highly skilled development team.
Under the transaction, Greenstep acquired 100% of Rundit’s shares. Financial terms were not disclosed. Rundit will continue to operate as a dedicated product and development team, with its existing platform remaining in use. From Rundit’s perspective, the acquisition addresses a structural limitation it had increasingly encountered as its customer base matured: reporting software alone is often insufficient for larger funds that need tighter integration between portfolio data, fund accounting, compliance, and operational workflows.
Jonathan Teir, Head of Technology Development at Greenstep, explains why Rundit was the missing piece in Greenstep’s growth journey:
“Rundit’s strength lies in its exceptional software team and modern technology platform. They have built a solution that is scalable from day one and integrates with our own technology. When we combine this with Greenstep’s fund expertise, we can significantly raise the level of automation and build the most modern fund back office in Europe.”
By becoming part of Greenstep, Rundit’s technology is expected to be embedded into a broader fund services offering that combines software with accounting, tax, legal, and regulatory expertise. For Rundit, the deal is less about expanding product scope independently and more about scaling its reporting technology within a wider operational framework, particularly as European funds face rising reporting demands and regulatory complexity.
The acquisition also marks a shift for Greenstep, which has historically relied on organic growth, and signals a broader trend in the fund services market toward vertically integrated solutions. For Rundit, the next phase centers on adapting its platform to serve as a core component in an end-to-end fund infrastructure, rather than a standalone reporting tool.
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Read the orginal article: https://arcticstartup.com/rundit-acquired-by-greenstep/
