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Scalable Capital receives backing from Balderton Capital and raises EUR60 million growth financing

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Scalable Capital, a digital investment platform in Europe, has announced the closing of a EUR60 million equity financing. This extension of the series E round was led by European venture capital firm Balderton Capital with participation from HV Capital’s new growth fund and existing investors, underscoring their strong support for Scalable Capital’s mission to empower everyone to become an investor. The funding will be used to deliver further growth and to capitalise on Scalable Capital’s position as a leading provider of easy and cost-effective investing solutions for retail clients. 

“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.” says Erik Podzuweit, Co-Founder and Co-CEO of Scalable Capital.

Balderton Capital General Partner, Rana Yared, who will join the company’s board, commented: “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.” 

Alongside Balderton, Scalable Capital received strong backing from HV Capital’s new ‘Fund IX Growth’, which made its first cross-fund investment in Germany. Rainer Märkle, General Partner: “HV Capital has been backing Scalable Capital for eight years now. The investment from the ‘HV Capital IX Growth’ fund specifically strengthens Scalable Capital on its path to becoming Europe’s leading digital investment platform and expanding further.”

Since 2014, Scalable Capital writes that it has provided retail investors with easy and affordable access to investing. It started with a digital wealth management service and expanded in 2020 into a full-service brokerage offering. Over the past two years Scalable Capital expanded its broker into Austria, France, Italy, Spain and the Netherlands. 

The firm writes that today, clients can invest in ETFs, stocks, funds, bonds, cryptocurrencies and derivatives, with over two thirds of the money invested in ETFs. The regular execution of more than 1.2 million savings plans reflects the long-term and sustainable approach retail investors take to building wealth. Since the beginning of the year, Scalable writes that its clients have received attractive interest rates of up to 4 per cent p.a. on uninvested cash. The company recently added “Credit” for access to secured loans in the Scalable Broker.

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