Sequoia leads €700m series-C round for Trade Republic

New investors TCV and Thrive Capital joined the round alongside existing investors Accel, Founders Fund, Creandum and Project A.

The funding brings the total amount Trade Republic has raised to €772m. The company said in a statement that the proceeds will "support its fast growth across continental Europe", as well as attract new talent.

In a separate announcement, German online brokerage company Sino, which bought a majority stake in Trade Republic in 2017, said that it had sold a stake worth €131m in the transaction. It currently holds a 13.8% stake in the company.

Previous funding
In July 2019, Creandum led a €10m financing round for Trade Republic Bank, alongside Project A. 

In April 2020, the company raised €61.6m in a series-B financing round co-led by Accel and Founders Fund.

Company
Based in Berlin and founded in 2015, Trade Republic is a commission-free broker, providing services through a mobile-only platform. It offers customers commission-free access to 8,500 German and international stocks, 1,500 exchange traded funds, 2,500 stocks on indexes, commodities, and currencies, as well as 40,000 derivatives.

The company has roughly a million customers.

People
Trade Republic Bank – Christian Hecker (co-founder). 

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• Topics
• Expansion
• DACH
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• Germany
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