Scalable Capital secures $183m

Jun 9, 2021 •

Tencent has led a series E round that reportedly tripled LMU Munich-linked Scalable Capital's valuation to $1.4bn.

Scalable Capital, a Germany-based operator of an online wealth management platform co-founded by Ludwig Maximilian University of Munich (LMU Munich) faculty, raised €150m ($183m) in a series E round led by internet and gaming group Tencent today.
Unnamed existing shareholders also took part in the round. TechCrunch identified BlackRock as a participant and said the round valued Scalable Capital at $1.4bn.
Founded in 2014, Scalable has built an online platform for digital wealth management services that allows users…

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