Scalable Capital is valued in excess of $460m following a round that lifted the digital wealth manager's total funding to about $130m.
Scalable Capital, a Germany-based digital investment manager co-founded by Ludwig Maximilian University of Munich (LMU Munich), received €50m ($58m) yesterday in a series D round, EU-Startups reported.
The round included all existing backers – backed by Tengelmann Ventures, a corporate venturing vehicle for retailer Tengelmann, as well as 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, chief…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
