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Announced

Completed

Tencent led a $180m Series E funding round in Scalable Capital.

Financials

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Transaction Value£127m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Germany

Cross Border

Private

neo-broker

Diversified Financials

Private Equity

Acquisition

Minority

digital wealth management

Completed

Friendly

Venture Capital

Synopsis

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Tencent led a $180m Series E funding round in Scalable Capital, a fast-growing neo-broker and a digital wealth manager. Existing shareholders participated as well. “Tencent complements our existing long-term partners who already represent an international investor base. Our recent funding is a major step forward on our way to becoming the leading retail investment platform in Europe. The strong acceleration of our growth further validates our mission to empower investors,” Erik Podzuweit, Scalable Capital Co-CEO and Co-Founder.

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