This maintains its valuation of $1.4bn from 2021
IN BRIEF:
The fresh funding was led by European VC Balderton Capital along with participation from HV Capital
Founded in 2014 as a digital wealth manager, Scalable is now active in Germany, Austria, France, Italy, the Netherlands and Spain
It operates as a full-service brokerage, has €16bn on its platform, and will use the capital to further grow their offering
What does this mean?
“The funding is a testament to the strength investors see in Scalable Capital’s business,” Erik Podzuweit, co-founder and co-CEO of Scalable Capital said. “The scale-up potential of a holistic pan-European investment platform that empowers everyone to become an investor is huge. With the fresh money, we will focus on further developing our product and striving for sustainable growth.”
