Scalable Capital, a leading digital investment platform based in Germany, announced the closing of a 60 million euro equity financing.
This extension of the series E round was led by European venture capital firm Balderton Capital with participation from HV Capital’s new growth fund and existing investors, underscoring their strong support for Scalable Capital’s mission to empower everyone to become an investor.
The funding will be used to deliver further growth and to capitalise on Scalable Capital’s position as a leading provider of easy and cost effective investing solutions for retail clients.
Erik Podzuweit
“The funding is a testament to the strength investors see in Scalable Capital’s business. The scale up potential of a holistic pan-European investment platform that empowers everyone to become an investor is huge. With the fresh money, we will focus on further developing our product and striving for sustainable growth.”
says Erik Podzuweit, Co-Founder and Co-CEO of Scalable Capital.
Alongside Balderton, Scalable Capital received strong backing from HV Capital’s new ‘Fund IX Growth’, which made its first cross-fund investment in Germany.
Since 2014, Scalable Capital has provided retail investors with easy and affordable access to investing. It started with a digital wealth management service and expanded in 2020 into a full service brokerage offering.
Over the past two years Scalable Capital expanded its broker into Austria, France, Italy, Spain and the Netherlands. Clients can invest in ETFs, stocks, funds, bonds, cryptocurrencies and derivatives, with over two thirds of the money invested in ETFs.
Featured image credit: Erik Podzuweit, Co-Founder and Co-CEO of Scalable Capital
Comments