Upvest Secures Major Funding Round
Upvest, a Berlin-based investment infrastructure company, has announced a significant funding boost with the closure of a $125 million round dated March 17, 2026. Known for its Investment API that allows users to create engaging investment experiences, Upvest is set to enhance its offerings across Europe.
Investment Details
The recent funding round was led by Sapphire Ventures and Tencent, with additional participation from Bessemer Venture Partners and BlackRock. The round, which remains undisclosed in its classification, includes a $90 million equity component and a $35 million debt facility that is nearing completion.
Company Vision and Leadership
Founded in 2017, Upvest is helmed by Martin Kassing, who serves as CEO, alongside Co-Founder and Managing Director Tobias Auferoth, CFA. The company provides API-based infrastructure that supports trading, custody, and back-office operations, allowing financial institutions such as banks, brokers, and wealth managers to modernize their legacy systems.
Expansion Plans
The newly secured funds will be instrumental in expanding Upvest's presence in major European markets. A key focus will be on rolling out localized investment products, including pension offerings like Germany’s Altersvorsorgedepot and the UK’s Self-Invested Personal Pensions. Additionally, Upvest plans to invest in AI-driven capabilities to enhance automated and personalized investment services.
Growing Demand for Digital Solutions
Upvest's platform processes more than 100 million orders annually for over 30 financial institutions, including digital banks like DKB and Santander’s Openbank, as well as fintech companies such as Revolut and N26. The demand for their services is growing, as financial institutions seek to offer scalable, efficient investment solutions to a new generation of investors.
Use of Funds
The capital from this funding round will be used to accelerate Upvest’s expansion and to further develop its infrastructure, which aims to simplify the launch of new investment products while reducing operational complexity and costs. The company is also keen on enhancing its AI capabilities to provide more personalized and efficient services.
As Upvest continues to grow, it positions itself as a critical player in transforming how financial institutions across Europe deliver investment experiences, catering to the increasing demand for digital-first solutions.