Digital investment platform Scalable Capital has raised €155m ($175m) in a funding round led by Sofina, an investment company, and Noteus Partners, a pan-European technology investor focused on growth equity.
Existing investors Balderton Capital, Tencent, and HV Capital also participated, bringing the total investment in Scalable Capital to over €470m (more than $535m).
Sofina managing director Maxence Tombeur said: “Noteus is proud to support Scalable Capital as it continues to democratise retail investing in Germany and across Europe.
“With its vertically integrated investment offering and highly engaged customer base, the company is well positioned for long-term success.
Late last year, Scalable Capital launched the European Investor Exchange, designed specifically for retail investors in Europe.
The Scalable Broker recently introduced private equity investments through ELTIFs (European Long-Term Investment Fund), allowing eligible clients to invest alongside institutional investors such as insurance companies and pension funds.
From this summer, Scalable will also offer kids’ accounts, enabling parents to invest in their children’s financial future through the Scalable Broker.
Scalable Capital founder and co-CEO Florian 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.”
Since its inception in 2015, Scalable Capital has offered retail investors access to cost-effective investment options, including ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and private equity.
The company provides clients with competitive interest rates on cash through partner banks and instant access to low-cost securities-backed loans.
In February this year, Scalable Capital announced that it is transforming digital investing in Germany by partnering with BlackRock to offer eligible investors access to private equity.
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