🏆 Deal of the Week · CW 49/2023
Scalable Capital raised EUR 60 million in a venture financing round, with the post-money valuation remaining undisclosed. The round was backed by Balderton Capital and HV Capital, alongside existing investors. This transaction was recognised as Deal of the Week for KW 49/2023.
Scalable Capital closes on €60 million equiity financing round — key deal facts
| Company | Scalable Capital closes on €60 million equiity financing round |
| Founded | 2014 |
| Headquarters | Munich, Germany |
| Amount raised | EUR 60M |
| Valuation | Valuation Remains Undisclosed |
| Round | Venture – Series Unknown |
| Investors | Balderton Capital HV Capital |
| Sectors | Asset Management |
Who invested in Scalable Capital closes on €60 million equiity financing round?
The round was led by Balderton Capital and HV Capital, two of Europe's most active growth-stage technology investors. Balderton Capital brings a strong track record in European fintech, while HV Capital is a long-standing backer of German-speaking technology companies. Participation from existing investors signals continued confidence in Scalable Capital's trajectory.
What does Scalable Capital closes on €60 million equiity financing round do?
Scalable Capital is a Munich-based digital investment platform founded in 2014 by Erik Podzuweit, Florian Prucker, Patrick Pöschl, and Adam French. The company operates two core products: the Scalable Broker, a self-directed trading platform for stocks, ETFs, funds, and derivatives, and Scalable Wealth, an automated wealth management service offering globally diversified ETF portfolios with savings plans from EUR 1. Scalable Capital holds a full banking licence and manages over EUR 40 billion in assets across more than one million clients across Europe. The firm operates within the asset management sector and is headquartered in Munich, Germany.
Scalable Capital closes on €60 million equiity financing round valuation & multiples
No existing multiples analysis was provided for this transaction, and the post-money valuation was not disclosed, precluding EV/Sales or EV/EBITDA derivations. Comparable asset management and digital wealth platform transactions in Europe can provide useful valuation context. For relevant sector benchmarks, visit the Venionaire DealMatrix Asset Management multiples pages.
Frequently asked questions
How much did Scalable Capital raise in its Venture – Series Unknown?
Scalable Capital raised EUR 60 million in a venture financing round, with the exact series designation and closing month not publicly specified beyond KW 49/2023.
What is Scalable Capital's valuation?
Scalable Capital's post-money valuation following this EUR 60 million round remains undisclosed.
Who invested in Scalable Capital?
The round was backed by Balderton Capital and HV Capital, alongside existing investors.
When was Scalable Capital founded and where is it based?
Scalable Capital was founded in 2014 and is headquartered in Munich, Germany.
Source: original announcement — read the full report.