2026-03-17
Upvest raises $125M Series D
Berlin-based Upvest raised $125M in a Series D led by Sapphire Ventures and Tencent at a valuation of approximately $700M.
Round at a Glance
| Company | Upvest |
| HQ | Berlin, Germany |
| Amount | $125M ($90M equity + $35M debt facility) |
| Round | Series D |
| Date | 2026-03-17 |
| Valuation | ~$700M (approx. based on reported EUR 640M) |
Company Snapshot
Upvest is a Berlin-based technology company and regulated securities institution founded in 2017. The company provides API-based investment infrastructure covering trading, custody, and back-office operations for banks and fintechs. According to publicly available information, Upvest processes over 100 million annual client orders for more than 30 financial institutions, with publicly named clients including Revolut, N26, DKB, Raisin, Webull, and Santander's Openbank.
Investors in This Round
| Investor | Investor HQ Country | Notes |
|---|---|---|
| Sapphire Ventures | United States | Co-lead |
| Tencent | China | Co-lead |
| Bessemer Venture Partners | United States | Existing investor |
| BlackRock | United States | Existing investor |
Known Cap Table
| Investor | Round(s) | Investor HQ Country |
|---|---|---|
| Sapphire Ventures | Series C, Series D | United States |
| Tencent | Series D | China |
| Bessemer Venture Partners | Series C, Series D | United States |
| BlackRock | Series C, Series D | United States |
| Hedosophia | Series C | United Kingdom |
| Earlybird | Series C | Germany |
| HV Capital | Series C | Germany |
| Notion Capital | Series C | United Kingdom |
| Motive Ventures | Series C | United States |