Two years ago, 150 million euros in a Series E to Scalable Capital. Balderton Capital is now increasing its stake by EUR 60 million. In addition to the VC, HV Capital's new growth fund and existing investors also participated. Erik Podzuweit, Founder and Co-CEO of Munich Fintechs, says:
"This financing round is a clear endorsement of our strategy and demonstrates the strength of our business model. A pan-European platform that covers the entire spectrum of investing, from A like equities to Z like interest rates, has enormous potential. With the additional capital, we will further expand our digital investment platform and achieve sustainable growth."
Rana Yared, General Partner of Balderton, is newly appointed to the fintech's board and comments:
"With its holistic and fully digital approach, Scalable Capital provides private investors across Europe with easy access to the capital market to build long-term wealth. This is unique in the market. We are impressed by the team around Erik and Florian, their vision, and their successes to date. We are very pleased to support them in their future projects."
Aside from Balderton Capital, the asset manager and neo-broker is receiving strong support through the new “HV Capital IX Growth” fund. Rainer Märkle, General Partner at HV Capital, explains:
"HV Capital has been supporting Scalable Capital for eight years now. The investment from the 'HV Capital IX Growth' fund specifically strengthens Scalable Capital on its path to becoming the leading digital investment platform in Europe and continuing its expansion."
Scalable Capital: Expansion into a full-service investment platform
Scalable Capital has been providing private investors with access to digital investments since 2014. Launched as a digital asset manager, the fintech expanded its platform in 2020 to include a full-service brokerage offering. Today, the broker's clients from Germany, Austria, France, Italy, Spain, and the Netherlands can invest in ETFs, stocks, funds, bonds, cryptocurrencies, and derivatives. More than two-thirds of the assets are invested in ETFs.
