Scalable Capital, co-led by Erik Podzuweit and Florian Prucker, has announced securing €155 million in funding. The round was led by Sofina and Noteus Partners, with participation from existing investors.
The funding aims to expand Scalable Capital’s investment platform, enhance financial products, and widen market reach, indicating potential further growth in European retail investment access.
€155 Million Funding to Expand European Reach
Scalable Capital, founded in 2014, has positioned itself as a leading digital investment platform in Europe. The co-founders, Erik Podzuweit and Florian Prucker, have cultivated a substantial clientele over the years with their innovative platform.
With the €155 million funding round, Scalable aims to expand product offerings and strengthen its presence across Europe. The backing by Sofina and Noteus Partners highlights confidence in the company’s growth potential.
Capital Boosts Financial Inclusion Efforts
The capital boost signals a continued commitment to providing enhanced wealth management solutions to retail investors. Sofina’s Managing Director noted the importance of Scalable’s efforts in driving financial inclusion across the region.
The funding may lead to improved technological infrastructure and broadened asset support. Historically, such financial infusions have enabled European investment platforms to launch new features and expand their market footprint.
“Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering, and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies. We are enthusiastic about supporting their journey to further redefine the retail investment landscape in Germany and beyond.” – Maxence Tombeur, Managing Director, Sofina
Past Investments Propel Future Innovations
Scalable’s past funding rounds, including a $65 million Series E extension, have marked significant growth phases, suggesting that the current investment will likely propel similar advancements and service expansions.
Experts, including those from Sofina, anticipate the funding will enable Scalable Capital to further innovate and redefine the retail investment landscape, leveraging historical trends of strategic financial injections.
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