Germany’s largest digital asset management company Scalable Capital raised $180 million in Series E funding round at a valuation of ~1.4 billion led by Tencent, making it the latest entrant in the fintech unicorn camp, which now hosts six German startups including wefox, Trade Republic, Deposit Solutions, Mambu and N26.
The funding round also witnessed participation from existing investors BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures, making the total amount of equity funding raised by the startup to more than $320 million.
Founded in 2014, Munich based Scalable Capital is a digital investment service that employs proprietary software to offer portfolios that are dynamically optimized with a primary focus on risk management.
