Scalable Capital Raises $177 million Funding Round

German digital advice and investing platform Scalable Capital announced that it raised $177 million (€155 million) in a funding round led by Sofina and Noteus Partners, both new investors. Existing investors that also participate included Blaterton Capital, Tencent, and long-term investor HV Capital. BlackRock, an existing investor, did not appear to participate. This brings the total capital raised so far to $535 million.

Scalable Capital is a self-directed investing platform serving Europe. We have seen self-directed investing platforms get more attention as they look to position as a lead-gen engine for professional advice. For more information on our Self-Directed Trading as Lead-Gen theme, see our WealthTech Themes for the Next 5 Years piece.