Digital Space Ventures leads €3m series-A for Cashboard

As part of the deal, existing investors Redalpine Capital, Earlybird Venture Capital, 500 Startups as well as several business angels participated in the funding round. The company aims to use the fresh capital to boost its international expansion and expand its team.

According to a statement, the company operates in the retail investment market segment and claims to differentiate itself from the so-called robo-advisory firms by offering a broader spectrum of different asset classes.

Previous funding
In 2014, Seven Ventures led an undisclosed seed round of funding alongside German corporate ProSiebenSat.1.

More recently, Redalpine led a €2m seed round for the business via its Redalpine Capital II fund, alongside Earlybird, Heilemann Ventures, 500 Startups and existing investor Seven Ventures in 2015.

Company
Established in 2014 and based in Berlin, Cashboard develops an online platform focused on wealth management via several financial products, including Exchange Traded Funds (ETFs), as well as day-to-day money management and crowdfunding.

People
Cashboard - Robert Henker (CEO).

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