Monday, March 4, 2024
HomeFunding Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding

[Funding alert] Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding

Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding. With participation from current investors including HV Capital, the round was led by the European venture capital firm Balderton Capital.

Munich-based Scalable Capital Secures €60M in Series E Extension Round Funding. With participation from current investors including HV Capital, the round was led by the European venture capital firm Balderton Capital.

The business plans to use the funds to achieve more expansion. Under the leadership of co-CEOs Erik Podzuweit and Florian Prucker, Scalable Capital offers a full-service brokerage offering through an investing app that is accessible to retail customers.

Read also – Ladder Secures $12 Mn in Series A Round led by Tapestry VC and LivWell Ventures

With more than two thirds of the money put in ETFs, clients can now invest in futures, equities, funds, bonds, cryptocurrencies, and ETFs. The company has increased its brokerage operations into Austria, France, Italy, Spain, and the Netherlands throughout the last 24 months.

About Scalable Capital

One of the top FinTech companies in Europe, Scalable Capital connects consumers with technology. Founded in 2014, the company maintains offices in London, Munich, and Berlin.

Read also – MaintainX Secures $50 Mn Funding led by Bain Capital Ventures

Scalable Capital provides digital wealth management and a broker with flat trading rates and interest for private clients. When it comes to digital wealth management, the business builds and maintains internationally diversified ETF portfolios for its customers using sustainable investing techniques.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular