Scalable Capital, a fintech company based in Munich, has raised €155 million (US$169 million) in its latest funding round.

This round is the largest in the firm’s history and includes participation from new investors Sofina and Noteus Partners, alongside existing backers Balderton Capital, Tencent, and HV Capital.

With this funding, Scalable Capital’s total investment has surpassed €470 million (US$520 million).

Founded in 2014, the company operates a digital investment platform serving over one million customers who manage more than €30 billion (US$32.7 billion) in assets.

It employs over 600 people across offices in Munich, Berlin, Vienna, and London.

The funding will support the ongoing development of Scalable Capital’s investment platform and its expansion efforts across Europe.

🔗 Source: EU-Startups

🧠 Food for thought

1️⃣ Scalable’s evolution from robo-advisor to full-stack investment platform marks fintech maturation

Scalable Capital has transformed dramatically since its 2014 founding, when it began as a straightforward algorithm-driven robo-advisor managing ETF portfolios.

In its early days, the company focused on automated wealth management with a competitive 0.75% annual fee structure, initially managing just €600 million in assets by 2018 1.

This latest €155 million funding round reflects Scalable’s successful pivot to a much broader business model that now spans brokerage services, wealth management, and even its own European Investor Exchange.

The company’s valuation has grown significantly from approximately €150 million in 2017 1 to a much higher implied valuation today, with investors now having committed over €470 million total to the company.

This vertical integration strategy sets Scalable apart from single-service competitors and aligns with global fintech trends where successful companies expand beyond their initial niche to capture more of the customer’s financial journey.

2️⃣ European retail investing shows massive growth potential despite cultural hesitancy

Only 16% of Germans invest in stocks or stock funds according to Scalable’s own research 2, highlighting the significant untapped market that exists in Europe’s largest economy.