Scalable Capital is valued in excess of $460m following a Tengelmann-backed round that lifted the digital wealth manager's total funding to about $130m.

Germany-based digital investment manager Scalable Capital received €50m ($58m) yesterday in a series D round backed by Tengelmann Ventures, a corporate venturing vehicle for retailer Tengelmann, EU-Startups reported.

The round included the rest of the company’s existing backers – HV Holtzbrinck Ventures, Blackrock, Monk’s Hill Ventures, German Startups Group, MPGI, Reiner Mauch, Rahul Mehta and Steffen Pauls – and an unnamed new investor. It was valued at $463m post-money, CEO Erik Podzuweit told TechCrunch.

Scalable Capital allows investors to build…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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