German Investment Platform Moonfare Raised US$125 Million Series C
by Fintechnews Switzerland November 2, 2021Moonfare, a German-based digital private equity investment platform for individual investors, announced that it has raised US$125 million in Series C funding, led by New York-based global private equity and venture capital firm Insight Partners.
The company has raised US$185 million in funding to date. Moonfare’s last financing round was in March of this year and was led by Fidelity International Strategic Ventures, which also participated in the current round.
Moonfare will use the funding to continue to develop innovative investment solutions and accelerate its international expansion.
The company plans to double the size of its global team with over 80 full-time employees in the tech and product departments alone.
In September, Moonfare reportedly exceeded €1 billion assets under management, doubling its assets in only 8 months.
Moonfare already operates in 13 countries across Europe and Asia and has offices in Berlin, Hong Kong, London and Luxembourg, with more to open soon.
Dr. Steffen Pauls
“We are excited for this round of funding and the opportunity to leverage the capabilities and network of our new partners at Insight Partners.
We will transform the business into a global champion for individual investors in the years to come.”
said Dr. Steffen Pauls, Founder and CEO of Moonfare.
