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Hogan Lovells advises Scalable Capital on a 60 million euros financing round
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| 08
December
2023
Led by Munich partner Dr Nikolas Zirngibl and senior associate Dr Kilian Pfahl, Hogan Lovells advised Scalable Capital, a leading digital investment platform in Europe, on an extended Series-E financing round of 60 million euros. This round was led by the British VC firm Balderton Capital. In addition, the new growth fund of HV Capital and existing investors participated.
With the additional capital, Scalable Capital will continue on its path of sustainable growth. Since 2014, the founding and management team around Erik Podzuweit and Florian Prucker have been working to make investing easy and affordable for everyone. The fintech started with a digital wealth management service and expanded in 2020 into a full service brokerage offering. Today, clients in Germany, Austria, France, Italy, Spain and the Netherlands can invest in ETFs, stocks, funds, bonds, cryptocurrencies and derivatives. Since the beginning of the year, clients receive interest rates on uninvested cash and the company recently added ‘Credit’ for access to secured loans in the Scalable Broker.
Hogan Lovells advised Scalable Capital on all legal aspects of this extended Series E financing round.
Hogan Lovells Team for Scalable Capital
Dr Nikolas Zirngibl (Partner), Dr Kilian Pfahl (Senior Associate), Thiemo Woertge (Counsel), Lucie Arntz (Senior Associate) (all Corporate/ M&A);
Dr Falk Loose (Counsel), Dr Andreas Eggert (Counsel) (both Tax);
Stefan Richter (Counsel) (Employment);
Dr Jochen Seitz (Partner), Anna Hersener (Associate) (both Capital Marktes).
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