What does the cap table of Munich-based robo-advisor Scalable Capital actually look like? The Fintech Blog Finanz-Szene.de looked at the commercial register and made some interesting discoveries.
Most recently, Scalable Capital raised fresh capital in June 2017 The asset manager Blackrock led the financing round at the time. Alongside the existing investors Holtzbrinck Ventures and Tengelmann Ventures participated in the round.
Blackrock holds more than a third of the shares in Scalable Capital
As Finanz-Szene.de reports, the annual financial statements of a British Blackrock subsidiary show that the world's largest asset manager not only invested 24 million euros directly in the Munich-based fintech, but also acquired shares from existing investors for 28.5 million euros.
Blackrock holds the largest stake in Scalable Capital with 34.2 percent. Holtzbrinck Ventures follows with 20.7 percent. Founders Erik Podzuweit and Florian Prucker each hold 9.2 percent, Stefan Mittnik owns 5.5 percent, and the fourth founder, Adam French, holds 2.2 percent. The remaining shares are distributed among Tengelmann Ventures (5.1 percent), MPGI Holding (1.0 percent), and three business angels. The company itself holds 8.0 percent.
