Scalable Capital, a prominent digital investment platform in Europe, has successfully closed a €60m equity financing round.
This latest series E extension, led by renowned European venture capital firm Balderton Capital, marks a pivotal moment for the company. The round also saw participation from HV Capital’s new growth fund and several existing investors, reflecting their strong belief in Scalable Capital’s vision and future.
The funds raised in this round are set to propel Scalable Capital’s mission to democratise investing. The company, which stands out as a leading provider of user-friendly and cost-efficient investing solutions, caters primarily to retail clients. This new injection of capital will enable further growth and strengthen Scalable Capital’s position in the market.
Scalable Capital intends to use this new funding to enhance its product offerings and drive sustainable growth. With a focus on developing a holistic, pan-European investment platform, the company aims to empower more individuals to become investors.
Erik Podzuweit, Co-Founder and Co-CEO of Scalable Capital, emphasised the importance of this funding, stating, “The funding is a testament to the strength investors see in Scalable Capital’s business. The scale up potential of a holistic pan-European investment platform that empowers everyone to become an investor is huge. With the fresh money, we will focus on further developing our product and striving for sustainable growth.”
Further adding to the company’s growth narrative, Balderton Capital general partner, Rana Yared, who will join Scalable Capital’s board, commented on the investment: “Scalable’s one-stop, digital-first, wealth building and generating platform brings a suite of top-class financial products to individuals across Europe, and is unparalleled in the market. We’ve been impressed by Erik, Florian and team’s vision and execution to date and are delighted to be supporting them in this next chapter.”
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