GERMANY – Scalable Capital, a Munich, Germany-based digital investment platform, raised €60M in Series E extension funding.
The round was led by European venture capital firm Balderton Capital with participation from existing investors, including HV Capital.The company intends to use the funds to deliver further growth.Led by Co-CEOs Erik Podzuweit and Florian Prucker, Scalable Capital provides retail investors with access to an investing app, which features a full service brokerage offering. Today, clients can invest in ETFs, stocks, funds, bonds, cryptocurrencies and derivatives, with over two thirds of the money invested in ETFs. Over the past two years, the company expanded its brokerage into Austria, France, Italy, Spain and the Netherlands.08/12/2023
