Upvest Raises $125M To Expand API-Based Investment Platform In Europe

The $90 million equity round was led by Sapphire Ventures and Tencent, with participation from existing investors including Bessemer Venture Partners and BlackRock. Additionally, the company is finalizing a $35 million debt facility to further strengthen its capital base.

Founded in 2017 in Berlin, Upvest is a regulated technology company providing API-based infrastructure for banks, brokers, and wealth managers across Europe and the UK.

Its platform supports trading, custody, and back-office operations, enabling financial institutions to modernize legacy systems, increase efficiency, and scale their securities businesses.

The platform helps firms modernize legacy systems, enhance operational efficiency, and scale their investment offerings. Its clients include digital banks like DKB and Santander’s Openbank, as well as fintech companies such as Revolut, N26, Webull, and Raisin.

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Financial institutions are under growing pressure to modernize legacy systems and expand retail investment offerings, driving demand for Upvest’s modular, API-first infrastructure.

The company now processes over 100 million annual client orders across more than 30 financial institutions, supporting continued growth and its path toward profitability.

Upvest plans to use the new capital to enhance its platform for banking, wealth and brokerage clients, managing local tax complexities and enabling faster deployment of pension products with improved user experience and cost efficiency.

The company is also introducing AI-supported investment capabilities leveraging real-time, programmable execution APIs to deliver automated personalized investment services for retail investors at scale.

Martin Kassing, CEO and co-founder of Upvest, says: “Banks, brokers, and wealth managers choose Upvest for the infrastructure needed to grow their investment propositions profitably and at scale for a new generation of investors.

The $125m round, just 12 months after our Series C, underscores our momentum to be the top choice for financial institutions launching and scaling best-in-class investment experiences at lightspeed in Europe. We will use the capital to accelerate our expansion into Europe’s largest markets, enabling the best local pension products and supporting the new AI investment economy.”