Upvest Secures $125 Million, European Retail Investment Infrastructure Continues Attracting Capital

Berlin Fintech Expands Retail Investment Boom

Upvest is a Berlin-based “API-first” investment infrastructure company that just secured $125 million in new funding. Of this, $90 million in equity was led by Sapphire Ventures and Tencent, with existing investors Bessemer Venture Partners and BlackRock participating; an additional $35 million in debt financing is finalizing details. The deal was announced on March 17, 2026, valuing the company at €640 million, nearly doubling from €360 million during its Series C in December 2024.

Founded in 2017, Upvest provides modular infrastructure for banks, brokerages, and wealth management firms, enabling them to offer trading features without building their own systems. In 2025, the company processed over 100 million customer orders for more than 30 institutions, including DKB, Openbank (a Santander subsidiary), Revolut, and N26.

CEO Martin Kassing said this funding round came just 12 months after the previous one. Sapphire Ventures partner Andreas Weiskam emphasized Upvest’s enterprise-grade platform and its plans to expand into new asset classes and AI capabilities.

Pensions and AI as Next Steps

The new funds will be used to upgrade the platform to support German Altersvorsorgedepot, UK SIPP, and other tax-advantaged pension accounts and products. Upvest aims to reduce the onboarding cycle for such products from years to months. The company will also launch AI tools for personalized recommendations and automated investing.

This aligns with the broader trend in European fintech: after the disaggregation of banking services, institutions need scalable, ready-to-use infrastructure. Upvest’s API platform allows firms to add stocks, ETFs, and other products without building from scratch. The company reports double-digit monthly growth in order volume. The debt financing will strengthen the balance sheet and help the company move toward profitability.

While specific stage details were not disclosed, this follows a €100 million Series C led by Hedosophia and Sapphire Ventures at the end of 2024. Upvest’s client base reaches millions of end users.

Funding Highlights

• Project: Upvest
• Industry: Fintech / Investment Infrastructure
• Round: Not disclosed (post-Series C)
• Amount: $125 million ($90 million equity + $35 million debt)
• Valuation: €640 million
• Lead Investors: Sapphire Ventures, Tencent
• Participating Investors: Bessemer Venture Partners, BlackRock
• Announcement Date: March 17, 2026
• Missing Info: Total accumulated funding not disclosed; debt terms pending final confirmation

Additional Notes

• The equity lead by Sapphire Ventures and Tencent indicates cross-border investor interest in European fintech infrastructure.
• Bessemer and BlackRock continue their early support with further investments.
• Funds will be used to localize pension products and develop AI advisory tools.
• Processing over 100 million orders in 2025 shows growing retail investor demand in Europe.
• No strategic changes in crypto business were announced; the platform supports multi-asset access for clients like Revolut.

Conclusion: Investors remain interested in infrastructure companies connecting consumer applications with regulated markets. Kassing stated this funding will help Upvest expand into major European markets and enhance products for retail investors.