White & Case Advises Noteus, Sofina on €155M Scalable Capital Round.
White & Case LLP has advised investment firms Noteus Partners and Sofina on their lead role in a €155 million funding round for Scalable Capital, one of Europe’s fastest-growing digital investment platforms.
The latest funding round attracted significant participation from both new and existing investors, reflecting continued confidence in Scalable Capital’s mission to expand access to retail investing across Europe.
Scalable Capital provides a comprehensive investment platform that enables individual investors to manage portfolios through the trading of stocks, ETFs, and mutual funds.
In addition to offering interest-bearing cash accounts and secured lending options, the firm’s digital wealth management arm, Scalable Wealth, delivers professionally managed ETF portfolios and serves as a white-label solution for leading institutional partners.
“Noteus Partners and Sofina perfectly complement our global investor base. The recent funding round is a clear endorsement, and an important step on our path to becoming the leading retail investment platform in Europe.” said Erik Podzuweit, Founder and Co-CEO of Scalable Capital.
Zoé Fabian-Frey, General Partner at Noteus, echoed that sentiment: “Noteus is proud to support Scalable Capital as it continues to democratise retail investing in Germany and across Europe.”
“With its vertically integrated investment offering and highly engaged customer base, the company is well positioned for long-term success. We look forward to partnering with the team as they continue to scale and shape the future of investing,”
Maxence Tombeur, Managing Director at Sofina, added: “Scalable Capital is transforming how individuals approach investing across Europe. Their innovative platform, comprehensive offering and clear vision for financial inclusion resonate strongly with Sofina’s strategy of backing impactful high-growth companies. We are enthusiastic about supporting their journey to further redefine the retail investment landscape in Germany and beyond.”
The White & Case team advising on the transaction was based in Frankfurt and led by partners Andreas Lischka and Gernot Wagner. They were joined by fellow partners Woldemar Haering, Sebastian Stuetze, and Rebecca Emory. The wider team included associates Agmal Bahrami, Jan Ditrich, Konstantin Huber, Franziska Seeger, Julian Burhenne, and Justus Redeker.
Scalable Capital is a leading European fintech founded in 2014 with offices in Munich, Berlin, and London. Its platform combines Scalable Broker, for trading stocks, ETFs, and crypto, with Scalable Wealth, a digital wealth management service offering managed ETF portfolios. Backed by investors like BlackRock and Tencent, the company aims to make investing simple, affordable, and accessible to all through smart technology and intuitive design.
Noteus Partners is an independent growth equity investment firm specializing in European technology companies. Founded in 2023 by a team with over 70 years of collective experience, Noteus has invested more than €2.6 billion across 27 companies. With offices in Paris, London, and Berlin, the firm focuses on fast-growing, category-defining tech businesses led by ambitious management teams. Noteus combines deep sector expertise with a hands-on approach to support companies scaling across Europe’s fragmented markets.
Sofina is a Belgian investment firm listed on Euronext Brussels with over 125 years of history. It provides long-term capital to entrepreneurs and growth-stage companies, focusing on five key sectors: consumer, digital, education, healthcare, and sustainability. With offices in Brussels, London, Luxembourg, and Singapore, Sofina invests globally across Europe, Asia, and the U.S.
White & Case LLP is a global law firm known for providing high-quality legal services to clients across a broad range of industries. Founded in 1901, the firm has grown to become one of the largest international law firms, with offices in over 40 locations worldwide. White & Case specializes in complex legal matters, including banking and finance, mergers and acquisitions, capital markets, dispute resolution, and regulatory compliance. The firm represents multinational corporations, governments, and financial institutions, offering expertise in cross-border transactions, international litigation, and arbitration. White & Case is renowned for its deep industry knowledge, innovative solutions, and commitment to delivering results for its clients.
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