Digital wealth manager Scalable Capital has raised EUR 25 million in its Series C funding round, bringing the total funding raised to EUR 66 million.

The funds exclusively come from existing shareholders BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures.

This latest funding will be primarily used to expand the software engineering team in order to speed up business with retail clients and to offer new white-label solutions for banks, insurers and asset managers.

"This investment acknowledges our work to date and will further accelerate our growth," said Erik Podzuweit, co-founder and chief executive o...