Scalable Capital Raises $58M at a $460M Valuation

Munich-based robo-advisor Scalable Capital has closed a Series D investment round of €50 million ($58 million) at a post-money valuation €400 million ($460 million); BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures all participated in the funding round; Scalable Capital has built a platform to monitor and manage investment portfolios investing in stocks and ETFs and has 80,000 customers across Germany, Austria and the UK with more than $2 billion under management; CEO Erik Podzuweit said, “In times of Covid-19, our funding round is a powerful signal; it shows that our focused, digital business model is convincing the investors.” TechCrunch.

  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.