Scalable Capital raises €7m from Holtzbrinck et al.

The funding round brings the total capital raised to €11m. Mato Peric, former global managing director and partner at Rocket Internet, invested through his vehicle MPGI, while Monk's Hill Ventures, Tengelmann Ventures and business angels also committed to the round.

With the fresh capital, the startup will further expand its German and British business. It also aims to enter new countries.

Company
Founded in 2014 and based in Munich, Scalable's technology allocates each investor's portfolio based on a quantitative measure of their risk appetite.

The technology uses forward-looking projections, based on recent market developments, to measure the level of risk in the ETF products the client is invested in, and then reallocates their portfolio according to their risk category. The company has 32 employees.

People
Tengelmann Ventures – Christian Winter (CEO).
Holtzbrinck Ventures – Rainer Maerkle (partner).
Scalable Capital – Erik Podzuweit, Florian Prucker (CEOs).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Early-stage
• DACH
• Financials
• Venture
• Germany