Scalable Capital raises €60m with backing from Balderton Capital

By Gloria Methri

Scalable Capital, a digital investment platform in Europe, has announced the closing of a €60 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.

The funding will be used to deliver further growth and to capitalise on Scalable Capital’s position as a 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,” said 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 have been impressed by Erik, Florian and the team’s vision and execution to date and are delighted to be supporting them in this next chapter.”

Alongside Balderton, Scalable Capital received backing from HV Capital’s new ‘Fund IX Growth’, which made its first cross-fund investment in Germany.

Rainer Märkle, General Partner said, “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 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, the company expanded its brokerage into Austria, France, Italy, Spain, and the Netherlands.