Neo-broker and digital wealth manager Scalable Capital has raised EUR 150 million from investors. The Series-E financing round was led by Tencent Holdings Ltd., a leading Chinese technology company. This purely primary investment round brings the total capital raised to over EUR 260 million. Existing shareholders participated as well. The funding will be used to accelerate Scalable Capital’s European growth.
Hengeler Mueller advised Tencent on the transaction. The team was led by partner Jens Wenzel (Venture Capital/M&A, Berlin) and included partners Christian Schmies (Banking Regulatory), Hendrik Bockenheimer (Employment) (both Frankfurt) and Vera Jungkind (Public Law, Düsseldorf), counsel Fabian Seip (IP/IT, Berlin) as well as associates Clemens Höhn (Venture Capital/M&A), Alexander Orlowski, Alexander Berkle (both Corporate/M&A) (all Berlin), Gerrit Tönningsen (Banking Regulatory), Andreas Kaletsch (Employment) (both Frankfurt) and Sandra Westphal (Public Law, Düsseldorf).