March 23, 2026

German startup Upvest secures $125M for strategic expansion in Europe

Upvest

Investment raised

$125M

Valuation

USD 735m

Stage

Region

Investors

The USD 90m equity round is led by Sapphire Ventures and Tencent, with support from Bessemer Venture Partners and BlackRock

Multiples

Upvest operates at the intersection of financial technology and enterprise platform infrastructure, delivering API-based investment solutions that enable financial institutions to embed trading, custody, and investment functionalities into their offerings. Consistent with this positioning and the company’s Series D-stage financing, relevant European sector benchmarks as of Q4 2025 show valuation ranges of EV/EBITDA 17.72x – 21.79x and EV/Sales 4.41x – 4.83x. Further information on valuation multiples in these sectors is available through the DealMatrix Platform – Multiples Database at