Founders Fund, Sequoia, Accel, TCV and Thrive Capital led a €1.2bn secondary round in Trade Republic.

Founders Fund, Sequoia, Accel, TCV, and Thrive Capital, the venture capital firms, led a €1.2bn secondary round in Trade Republic, a fintech company, with participation from Wellington Management, GIC, Fidelity Management & Research Company, Khosla Ventures, Lingotto Innovation, and Aglae. “This transaction underlines that the cultural shift to retail investing in Europe is only starting. Especially since governments such as Germany start meaningful pension reforms to foster private stock ownership in the broader public,” Christian Hecker, Trade Republic Co-Founder.