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HomeBankingGermany’s Scalable Capital secures $65m in Series E extension

Germany’s Scalable Capital secures $65m in Series E extension

Date:

  • Scalable Capital raises $65 million in a Series E extension round.
  • Led by Balderton Capital, with participation from HV Capital’s new growth fund and existing investors.
  • Munich-based neobroker, founded in 2014, operates in multiple European countries.
  • Follows a $180 million Series E round in June 2021, maintaining a $1.4 billion valuation.
  • Offers a platform for investing in stocks, ETFs, funds, bonds, crypto, and derivatives.
  • Manages over €16 billion on its platform.
  • Plans to use the funds for product development and sustainable growth.
  • Aims to strengthen presence in existing markets and expand into new ones.
  • No current plans for a banking license; prefers partnerships with banks like ING, Barclays, and Santander.

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