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Announced

Completed

A consortium of investors led a €30m round in Upvest.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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banking-as-a-service

financial technology

FinTech

Germany

Acquisition

Private Equity

Completed

Friendly

Single Bidder

Venture Capital

Cross Border

Minority

Private

Synopsis

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A consortium of investors, including Bessemer Venture Partners, HV Capital, Earlybird, Notion, ABN Amro Ventures, Partech, 10x Capital, and BlackRock, led a €30m round in Upvest, a fintech providing modern investment infrastructure. “We are excited to embark on this next growth phase with the support of our existing investors and BlackRock. With this funding, we will be empowered to continue on our mission of making investing as easy as spending money. The funding and partnership with BlackRock enable us to double down on building the leading investment infrastructure and accelerating retail investment adoption in Europe," Martin Kassing, Upvest Co-Founder and CEO.

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