Scalable Capital announced it completed a funding round, raising €155 million ($175 million). This is the company’s largest funding round to date, led by Sofina and Noteus Partners. Existing investors Balderton Capital, Tencent, and HV Capital also participated, underlining their continued confidence in the company. Investors have now invested over €470 million (over $535 million) in Scalable Capital.
What Scalable Capital does: Since 2015, Scalable Capital has provided retail investors with access to simple and cost-effective investment options. And now clients in Europe can invest in ETFs, stocks, funds, bonds, cryptocurrencies, derivatives, and Private Equity. Broker clients receive attractive interest rates on their cash from our partner banks and have instant access to low-cost securities-backed loans against their portfolio.
At the end of last year, Scalable Capital launched the European Investor Exchange. This exchange was specifically tailored to the needs of retail investors in Europe. Recently, the Scalable Broker has also started offering private equity investments: through ELTIFs (European Long-Term Investment Fund), eligible clients can invest in this attractive asset class on equal footing with institutional investors such as insurance companies or pension funds. Starting this summer, Scalable will also be available for the next generation: with kids’ accounts, parents can use the Scalable Broker to invest in their children’s financial future.
KEY QUOTES:
“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.”
“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.”
Erik Podzuweit, Founder and Co-CEO of Scalable Capital
“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 verticalized platform with the additional capital.”
Florian Prucker, Founder and Co-CEO of Scalable Capital
“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. We look forward to partnering with the team as they continue to scale and shape the future of investing.”
Zoé Fabian-Frey, General Partner at Noteus Partners
“Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies. We are enthusiastic about supporting their journey to further redefine the retail investment landscape in Germany and beyond.”
Maxence Tombeur, Managing Director at Sofina
