Upvest Raises $125 Million in Latest Funding Round
Upvest, a Berlin-based company specializing in API-driven investment infrastructure, has announced a successful funding round, securing $125 million. The funding, dated March 17, 2026, was led by Sapphire Ventures and Tencent, with participation from Bessemer Venture Partners and BlackRock. Upvest's platform is designed to help banks, brokers, and wealth managers create investment experiences that resonate with users.
Company Background
Founded in 2017, Upvest has grown significantly under the leadership of Founder and CEO Martin Kassing and Co-Founder and Managing Director Tobias Auferoth, CFA. The company offers a comprehensive API platform that streamlines trading, custody, and back-office operations for financial institutions across Europe and the UK.
Strategic Investment Goals
The newly raised capital will be instrumental in Upvest's plans to modernize legacy banking systems throughout Europe. The company aims to expand its presence in major European markets and enhance its product offerings, particularly in the realm of pension investments such as Germany’s Altersvorsorgedepot and the UK’s Self-Invested Personal Pensions.
Use of Funds
The $125 million will be allocated towards expanding Upvest's reach in Europe and accelerating the development of localized investment products. The company is also focusing on integrating AI-driven capabilities to offer programmable execution APIs, thereby facilitating automated and personalized investment services. This expansion is expected to help financial institutions launch new products more efficiently and reduce operational complexities.
Market Impact and Future Plans
Upvest processes over 100 million orders annually for a wide array of clients, including digital banks like DKB and fintech companies such as Revolut and N26. The platform is increasingly seen as a foundational element for retail investing, catering to the growing demand for personalized and digital-first investment experiences. With approximately 280 employees, Upvest is well-positioned to support financial institutions in scaling their investment offerings efficiently.
Leadership Remarks
Upvest's CEO, Martin Kassing, commented on the company's trajectory, stating that the new funding round highlights their momentum in becoming a preferred choice for financial institutions aiming to offer advanced investment solutions.
As Upvest continues to expand its infrastructure and capabilities, the company is poised to play a significant role in the next generation of retail investing across Europe.