Upvest, an API-first investment infrastructure provider, has secured $125m in new financing to accelerate the modernisation of legacy banking systems across Europe and the UK.
The raise comprises a $90m equity round led by Sapphire Ventures and Tencent, with continued backing from existing investors Bessemer Venture Partners and BlackRock. The Berlin-based company is also finalising a $35m debt facility to further bolster its capital base.
Founded in 2017, Upvest provides modular, API-first investment infrastructure to banks, brokers, and WealthTech firms. Its platform enables financial institutions to offer retail investment products without the burden of building and maintaining complex in-house systems. The company processed more than 100 million orders on behalf of clients in 2025, with the scale of its operations driving a multiple-fold increase in its valuation and putting it on a steady path to profitability.
The fresh capital will be directed towards a number of strategic priorities. These include absorbing the complexity of new local tax wrappers, such as Germany’s Altersvorsorgedepot and the UK’s SIPPs, enabling financial institutions to bring pension products to market in months rather than years. Upvest is also rolling out AI-supported investment engines that provide real-time, programmable execution APIs, allowing both developers and financial institutions to build autonomous and hyper-personalised advisory services for everyday retail investors.
Upvest CEO and co-founder Martin Kassing said, “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.”
Sapphire Ventures partner Andreas Weiskam said, “Sapphire Ventures is excited to deepen our partnership with Upvest as it aims to become Europe’s leading investment infrastructure platform. Martin and the team have built a scalable, enterprise-grade platform trusted by the region’s most innovative banks and fintechs — meeting the rigorous standards of the largest global financial institutions. With retail investing accelerating across Europe, Upvest is expanding into new assets, local tax wrappers, and AI-enabled capabilities, powering the next generation of personalized investing.”
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