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 is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech.

LendIt Fintech conducts three conferences a year for the leading fintech markets of the USA, Europe, and Latin America. LendIt also provides cutting-edge content all year long via audio, video, and written channels.

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.

Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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