Upvest Secures $125M Funding for European Expansion

Upvest, a Berlin-based API-first investment infrastructure provider, has secured $125 million in new financing to accelerate the modernization of banking and investment systems across Europe and the UK. The funding comprises a $90 million equity round led by Sapphire Ventures and Tencent, with continued backing from existing investors Bessemer Venture Partners and BlackRock, alongside a $35 million debt facility. This capital infusion, coming just 12 months after its Series C, significantly increases Upvest's valuation to approximately $736 million and puts it on a steady path to profitability. The company plans to use the funds to expand into Europe's largest markets, support local pension products like Germany's Altersvorsorgedepot and the UK's SIPPs, and roll out AI-supported investment engines. Upvest's platform enables financial institutions, including Bayerische Landesbank===Deutsche Kreditbank, Banco Santander===Openbank, Revolut, N26, Webull, Raisin GmbH, and Bunq, to offer retail investment products efficiently, processing over 100 million orders annually.