Fintech Upvest has raised €100m ($105m) in its Series C funding round to bolster potential investors.
The funding round for Upvest was led by Hedosophia and joined by Sapphire Ventures, as well as existing investors such as BlackRock and HV Capital.
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Upvest plans to use the investment to double its existing 170-strong team and enhance its product offering.
In 2024, Upvest processed over 20 million orders on behalf of its clients – showing its strength in investment infrastructure in Europe. In recent months, this has increased to over one million trades per week.
Martin Kassing, CEO and co-founder of Upvest, said: “We couldn’t be more excited about the additional capital that will fuel our mission to make investing as easy as spending money. With the capital, we will conquer new markets, build exciting new products faster, and serve prime fintechs and financial institutions alike. We will continue establishing a new standard of investment infrastructure that delights clients and provides them with a strategic advantage by running on the Upvest platform.”
Andreas Weiskam, partner at Sapphire Ventures, added: “Sapphire Ventures is thrilled to partner with Martin and the entire Upvest team as they redefine what’s possible for European investment infrastructure. We believe their full-stack system addresses the unique challenges of enterprise banks, fintechs, and D2C platforms with exceptional usability, innovation, and resilience. Perhaps most impressive is the team behind the technology – a leadership group with decades of wealthtech experience who embody the innovation and passion needed to drive change in a long-underserved space. We feel Upvest has already proven a leader in European investment infrastructure, and we’re excited to support their growth as they scale to new heights and make investing as easy as spending money.”
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