Munich — The law firm Gütt Olk Feldhaus has advised Scalable Capital GmbH on its largest financing round to date. Fresh capital of €50 million was raised as part of the Series D financing round. This brings the total financing volume since Scalable Capital was founded to 116 million euros.
Scalable Capital is the largest digital asset manager in Europe with over two billion euros in assets under management. In June 2020, Scalable Capital also launched a neo-broker, a digital platform where customers can trade stocks, ETFs and funds. The funds now raised will be used to expand Scalable Capital’s leading position as a digital asset manager and to further accelerate growth in the brokerage and B2B business.
In addition to a new investor, existing investors BlackRock, HV Holtzbrinck Ventures and Tengelmann Venturesalso participated in the financing round.
Legal advisors to Scalable Capital GmbH: Gütt Olk Feldhaus, Munich
Adrian von Prittwitz, Photo (Partner, Corporate/M&A, Lead), Thomas Becker (Of Counsel, IP/IT/Data Protection), Isabelle Vrancken (Senior Associate), Ricarda Theis (Associate, both Corporate M&A)
MOOG: Marc Sälzer (Tax Law)
Inhouse: Dr. Alexis Darányi (Chief Legal Officer), Florian von Kampen (Senior Legal Counsel)