Scalable Capital, a Germany-based fintech company which provides digital investment solutions, has raised €155m in its latest funding round, marking its largest to date.
The round was led by Sofina, an investment company listed on Euronext Brussels, and Noteus Partners, a pan-European technology investor specialising in growth equity.
Existing investors Balderton Capital, Tencent, and HV Capital also contributed to this round. This brings the total investment in Scalable Capital to over €470m.
Sofina managing director Maxence Tombeur said: “Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies.
“We are enthusiastic about supporting their journey to further redefine the retail investment landscape in Germany and beyond.”
Founded in 2014, Scalable Capital offers its solutions across Europe, providing access to a wide range of investment options including ETFs, stocks, funds, cryptocurrencies, and private equity through European long-term investment funds (ELTIFs).
Scalable Capital is said to serve over one million customers who collectively hold more than €30bn on its platform.
Last year, Scalable Capital introduced the European Investor Exchange to cater specifically to retail investors in Europe. This move complemented the offerings of Scalable Broker, which provides professional investment capabilities at affordable rates and attractive interest rates on cash through partner banks.
In December 2023, Scalable Capital closed a €60m equity financing as part of its Series E round. This extension was led by Balderton Capital and included participation from HV Capital’s new growth fund along with existing investors. The funding was used to bolster Scalable Capital’s growth trajectory and cement its position as a provider of accessible investment solutions for retail clients.
Scalable Capital operates offices in Munich, Berlin, Vienna, and London, employing over 600 people. The founding team, including Erik Podzuweit and Florian Prucker, continues to drive the company’s expansion and innovation within the financial services sector.
Prucker said: “Low-cost, broadly diversified ETFs, free access to financial knowledge, stock exchanges tailored for retail investors, and technology driven investment platforms like Scalable Capital have fundamentally improved access to capital markets for millions of retail investors.
“To accelerate this development, we will continue to invest in our fully verticalised platform with the additional capital.”
