Upvest secures $125m to cement its position as Europe’s leading API-first investment infrastructure

• Enterprise-grade scale: Upvest processes over 100 million annual orders for more than 30 financial institutions. With orders growing at a double-digit monthly rate, Upvest is the backbone of modern investing for leading financial institutions including DKB, Santander’s Openbank, Revolut, and N26.
• Long-term financial stability: A total of $90 million in equity led by Sapphire Ventures and Tencent enables Upvest to expand its investment platform and secure its path to profitability. The company is also in the final stages of finalizing a $35 million debt facility.
• New pension products and AI: The new capital will drive the rapid rollout of complex, localized pension products (including Germany's Altersvorsorgedepot and UK’s SIPPs) and AI-driven wealth solutions, enabling banks to launch hyper-personalized and new revenue-generating products in record time.

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Berlin, 17. March 2026 - Upvest, Europe’s category-leading investment infrastructure provider, today announces a $125 million financing round to accelerate the modernization of legacy banking systems across Europe and the UK. The $90 million equity round is led by Sapphire Ventures and Tencent, with strong backing from existing investors including Bessemer Venture Partners and BlackRock. In addition, the company is also finalising a $35 million debt facility to further strengthen its capital base.

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As financial institutions face increasing pressure to modernize their monolithic legacy systems and capture new retail investment revenue, the demand for Upvest’s modular and API-first investment infrastructure has surged. Upvest has scaled massively, processing more than 100 million orders on behalf of clients in 2025. This institutional-grade reliability has driven a multiple-fold increase in company valuation and established a steady path to profitability.

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Upvest will leverage the new capital to deliver strategic advantages to its B2B banking, wealth and brokerage clients. This includes absorbing the complexity of new local tax wrappers, such as the Altersvorsorgedepot in Germany and SIPPs in the UK, allowing financial institutions to bring high-demand pension products to market in months rather than years, with best-in-class UX and costs. 

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Furthermore, Upvest is rolling out AI-supported investment engines. By providing real-time, programmable execution APIs, Upvest empowers AI developers and financial institutions alike to build autonomous, hyper-personalized advisory services to everyday retail investors at scale.

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Martin Kassing, CEO and co-founder of Upvest, says: “Banks, brokers, and wealth managers choose Upvest for the infrastructure needed to grow their investment propositions profitably and at scale for a new generation of investors. The $125m round, just 12 months after our Series C, underscores our momentum to be the top choice for financial institutions launching and scaling best-in-class investment experiences at lightspeed in Europe. We will use the capital to accelerate our expansion into Europe’s largest markets, enabling the best local pension products and supporting the new AI investment economy.”

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Andreas Weiskam, Partner at Sapphire Ventures, adds: “Sapphire Ventures is excited to deepen our partnership with Upvest as it aims to become Europe's leading investment infrastructure platform. Martin and the team have built a scalable, enterprise-grade platform trusted by the region's most innovative banks and fintechs — meeting the rigorous standards of the largest global financial institutions. With retail investing accelerating across Europe, Upvest is expanding into new assets, local tax wrappers, and AI-enabled capabilities, powering the next generation of personalized investing.”

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Founded in Berlin in 2017, Upvest has become the infrastructure of choice for more than 30 leading financial institutions, enabling millions of end users to take wealth into their own hands. By significantly improving the return on investment for securities products and operations, Upvest is enabling the financial industry to deliver winning investment experiences to the next 100 million people.

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About Upvest

Upvest is a technology company and regulated securities institution in Europe and the UK that provides banks, brokers, and wealth managers with modern, API-based infrastructure for their securities business. Beyond software, Upvest provides end-to-end trading, custody, and back-office services. This allows financial institutions to comprehensively modernize their legacy operations, reduce overhead, and scale profitably. Upvest’s ecosystem of clients includes leading digital banks like DKB and Santander's Openbank, as well as fast-growing global fintechs such as Revolut, N26, Webull, and Raisin.

Founded in 2017, Upvest has 280 employees and processes over 100 million trades annually. The company is independently managed by its founders Martin Kassing, Dr. Til Rochow, and Tobias Auferoth, and backed long term by top-tier global investors.

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About Sapphire Ventures

Sapphire is a global software venture capital firm with over $11.3 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For more than two decades, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally resulting in more than 30 Public Listings and 50 acquisitions. The firm’s investment strategies — Sapphire Ventures and Sapphire Partners — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

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For media inquiries or further information, please contact:

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Press Contact Upvest

‍Julieta Varsano

press@upvest.co 

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‍Press Contact Sapphire Ventures
Kira Wolfe
kira@cmand.co