Munich-based Scalable Capital has raised €155 million (approximately US$175 million) in a new funding round, its largest to date.
The round was led by Sofina, a global investment company listed on Euronext Brussels, and Noteus Partners, a pan-European growth equity investor.
Existing backers including Balderton Capital, Tencent, and HV Capital also took part.
Total investment in Scalable Capital has now surpassed €470 million (over US$535 million).
Scalable Capital, which offers digital investment services to retail clients, said the new funding will support continued expansion and platform development.
“Noteus Partners and Sofina perfectly complement our global investor base. The recent funding round is a clear endorsement, and an important step on our path to becoming the leading retail investment platform in Europe,”
said Erik Podzuweit, Founder and Co-CEO of Scalable Capital.
Fellow Co-CEO Florian Prucker added,
“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.”
Podzuweit also noted that the company intends to use the investment to expand its offering across Europe.
“Through our investment platform and additional new products, we’ll be able to offer even more people in Europe the best options for their investments. We have a firm focus on wealth creation and saving for retirement for the whole family.”
Founded in 2015, Scalable Capital offers access to a range of investment products including ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and private equity.
The firm also provides interest on cash balances via partner banks, as well as low-cost securities-backed loans.
In 2023, the company launched the European Investor Exchange, aimed at retail investors.
More recently, Scalable began offering access to private equity through European Long-Term Investment Funds (ELTIFs), allowing eligible clients to invest in assets typically reserved for institutional investors.
A new feature set to launch this summer will allow parents to open kids’ accounts, enabling long-term investments for children.
Featured image credit: Scalable Capital
