# Upvest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/upvest

- Industry: Financial Services
- Headquarters: Berlin, Germany
- Website: www.upvest.co
- Total disclosed funding: $199M
- Latest round: Series C (Dec 14, 2024)
- Investors on record: 18

## About

Based in Germany, Upvest GmbH provides an online Investment API that enables financial institutions to offer tailored investment experiences and facilitate trading operations for end users. Founded in 2017, Upvest GmbH is a Berlin-based fintech company that specializes in providing investment solutions.  The founders, Christian Schäfer, Ivan Morozov, Juha Ristolainen, Martin Kassing, and Til Rochow, have a diverse background in technology and finance, with Martin Kassing currently serving as CEO. Upvest GmbH offers a comprehensive Investment API designed to facilitate tailored investment experiences for end users. This API connects users to exchanges and market makers, allowing order placements at optimal execution prices. It supports fractional trading of securities, enabling investments from as little as 1 EUR, and provides custodial services for both traditional securities and crypto assets, managing tax obligations, corporate events, and reporting. Upvest focuses on serving European clients, particularly within the European Economic Area (EEA), supporting investment firms and financial institutions in delivering customized investment solutions. In 2022, Upvest generated revenue of GBP 286,098.70, while reporting an EBITDA of GBP -14,254,424. The company's revenue model involves partnerships with financial institutions and investment firms utilizing its Investment API, which may include transaction fees based on trading volumes and potential subscription fees for continuous service access. Upvest GmbH is focusing on expanding its product offerings and enhancing its Investment API capabilities. In March 2026, Upvest GmbH raised USD 90 million in venture funding co-led by Tencent Investment and Sapphire Ventures, with participation from Bessemer Venture Partners and BlackRock. The round was part of a larger USD 125 million equity and venture debt funding. The company plans to use the March 2026 funding to expand across Europe, launch local pension products, and roll out AI-supported investment tools for banks and brokers.

## Funding rounds

- Series C, Dec 14, 2024, $105M — Earlybird, Sapphire Ventures, Bessemer Venture Partners, HV Capital, Notion Capital, BlackRock, Motive Partners, Hedosophia, eja GmbH
- Series B, Jul 14, 2023, $34M — Partech Partners, Earlybird, Bessemer Venture Partners, HV Capital, Notion Capital, BlackRock, ABN AMRO Ventures, 10X Capital, Tayenthal Ventures UG, eja GmbH
- Series B, Jun 14, 2022, $42M — Earlybird, Bessemer Venture Partners, Notion Capital, Speedinvest, ABN AMRO Ventures
- Series A, May 4, 2021, $4.9M — Partech Partners, Earlybird, HV Capital, Notion Capital, Speedinvest
- Series A, Sep 10, 2020, $5.9M — Partech Partners, Earlybird, HV Capital, Notion Capital, Speedinvest
- Series A, Dec 6, 2019, $7.7M — Partech Partners, HV Capital, Notion Capital, Speedinvest, Purple Orange Ventures, about:seed GmbH, Calchas Holding
- Seed, Aug 1, 2017 — HV Capital, Speedinvest, 10x.Group

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed, Series A, Series B, Series C
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A, Series B
- 10x.Group (https://capitalatlas.ai/funds/10x-group) — Seed
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A, Series B
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A, Series B, Series C
- Purple Orange Ventures (https://capitalatlas.ai/funds/purple-orange-ventures) — Series A
- about:seed GmbH — Series A
- Calchas Holding (https://capitalatlas.ai/funds/calchas-holding) — Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A, Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series C
- ABN AMRO Ventures (https://capitalatlas.ai/funds/abn-amro-ventures) — Series B
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series B, Series C
- 10X Capital (https://capitalatlas.ai/funds/10x-capital) — Series B
- Tayenthal Ventures UG — Series B
- eja GmbH — Series B, Series C
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series C
- Motive Partners (https://capitalatlas.ai/funds/motive-partners) — Series C
- Hedosophia (https://capitalatlas.ai/funds/hedosophia) — Series C