Munich and London based digital investment manager Scalable Capital has raised €30m in Series B funding led by BlackRock. Founded in 2014 and launched 16 months ago, Scalable Capital is one of Europe’s fastest growing digital investment managers and has already gathered over €250m (£217m) of assets from over 6,000 retail clients.
The offering provides a flexible multi-language and currency platform – developed in close collaboration with Professor Stefan Mittnik, PhD, Director of the Chair of Financial Econometrics and Director of the Center for Quantitative Risk Analysis at the Ludwig Maximilian University in Munich – that can operate across multiple international tax and regulatory regimes to create and manage globally diversified ETF portfolios for its clients to achieve their long-term financial goals. Scalable Capital is active in the United Kingdom, Germany and Austria. The UK team consists of: Adam French (formerly Executive Director of Goldman Sachs’s Trading Division); Simon Miller (formerly Vice President at Barclays Capital), and Dr Ella Rabener (formerly Founder and CEO of Westwing Russia and Associate Partner at McKinsey & Company). The company currently employs a team of 50 people,