Munich-based digital investment platform Scalable Capital said it has successfully completed a funding round, raising €155 million.

This was the company’s largest funding round to date and was led by Belgian investment firm Sofina and pan-European growth equity firm Noteus Partners.

Existing investors Balderton Capital, Tencent, and HV Capital also participated.

Investors have now invested over €470 million in Scalable Capital.

Scalable Capital founder and co-CEO Erik Podzuweit said: “Noteus Partners and Sofina perfectly complement our global investor base. The recent funding round is a clear endorsement, and an important step on our path to becoming the leading retail investment platform in Europe …

“Through our investment platform and additional new products, we’ll be able to offer even more people in Europe the best options for their investments. We have a firm focus on wealth creation and saving for retirement for the whole family.”

Noteus Partners General Partner Zoé Fabian-Frey said: “Noteus is proud to support Scalable Capital as it continues to democratise retail investing in Germany and across Europe.

“With its vertically integrated investment offering and highly engaged customer base, the company is well positioned for long-term success.

“We look forward to partnering with the team as they continue to scale and shape the future of investing.”

Maxence Tombeur, Managing Director at Sofina, said: “Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies.

“We are enthusiastic about supporting their journey to further redefine the retail investment landscape in Germany and beyond.”