The German fintech of which BlackRock has a stake also attracted the resources of Balderton Capital, HV Capital and Tencent.
Scalable Capital, a German scaleup fintech that developed a financial trading platform for European investors, secured a 155 million euros round that Bruxelles-listed Sofina and growth equity fund Noteus led. The company also attracted the resources of its shareholders Balderton Capital, HV Capital and Tencent (press release).
After such a round, Scalable Capital’s enterprise value is in the region of 1.5 billion. In December 2023, Balderton Capital and HV Capital joined the company’s 60 million financing round on the ground of a valuation of 1.3 billion (press release). In 2021, Scalable Capital secured a Series E round of above 180 million US Dollars that Chinese Tencent led (press release). In July 2020, the scaleup attracted 50 million euros from BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures (press release). Blackrock, HV Holtzbrinck Ventures and Tengelmann Ventures joined a 30 million euros round in 2017, Tech.eu reported.
Goldman Sachs alumni Erik Podzuweit, Florian Prucker and Adam French, Stefan Mittnik, PhD, Chair of Financial Econometrics and Director of the Center for Quantitative Risk Analysis of Munich Ludwig-Maximilians-University founded Scalable Capital in 2014 and since then raised more than 470 million euros.
Scalable has more than one million clients that invested 30 billion euros through its platform. The firm has above 600 employees in Munich, Berlin, Vienna, and London.
In late 2024, Scalable Capital launched the European Investor Exchange, an infrastructure for European retail investors. Scalable Broker recently signed an agreement with NYSE-listed giant BlackRock for allowing to buy at least 10000 euros worth tickets of Eltif BlackRock Private Equity Fund (Fintech Finance News).
“Noteus Partners and Sofina perfectly complement our global investor base. This round is a clear sign of confidence and a decisive step toward our goal of becoming the platform of choice for retail investments in Europe.”, Podzuweit, co-ceo said. Prucker, co-ceo, added: “Low-cost, well-diversified ETFs, free access to financial knowledge, exchanges designed for retail investors, and technology platforms such as Scalable Capital transformed access to markets for millions of people. With this new capital, we will continue to invest in our integrated platform to further accelerate this change”.
Alessandro Saldutti, Italy country manager of Scalable Capital, pointed out: “Part of the [raised] resources will support our growth in Italy, where there is an increasingly important and critical need to accompany people of all age in new ways of using money to secure a peaceful future.”
Zoé Fabian-Frey, a General Partner of Noteus, said: “We are proud to support Scalable Capital in its mission to democratize retail investment in Germany and Europe. With its integrated offering and highly engaged client base, the company is well positioned for solid long-term growth”.
Maxence Tombeur, a managing director of Sofina, added: “Scalable Capital is revolutionizing the way people invest across Europe. Its innovative platform, comprehensive offering and clear vision on financial inclusion are perfectly aligned with Sofina’s strategy of supporting high-impact, high-growth companies. We are excited to accompany Scalable Capital for this journey, helping to redefine the retail investment landscape in Germany and beyond.”
