POELLATH advises ABN AMRO Ventures on EUR 42 million investment in Upvest

The financing round was led by Bessemer Venture Partners. Existing investors Earlybird and ABN AMRO Ventures doubled their investment in the German fintech, while Notion Capital, Partech, 10x Group, Speedinvest and Maximilian Tayenthal (N26) also invested.

The startup’s product enables financial firms to offer their end customers the full spectrum of investment options, from EFTs to cryptocurrencies to fractional investing. Upvest is one of the few financial institutions in Europe that holds all BaFin licenses for securities and crypto brokerage as well as custody.

The investment API is designed as a plug-and-play solution with full process automation, enabling neobanks and brokers to offer investment opportunities without having to develop their own brokerage and custody infrastructure from scratch. The flexibility and openness of the API gives firms the utmost freedom to tailor it to their unique needs, reducing onboarding time for new clients and enabling immediately investments.

The startup has partnered with renowned banking institutions such as ABN AMRO, one of the leading banking groups in Europe.

ABN AMRO Ventures is the corporate venture capital arm of the Dutch ABN AMRO Bank. It focuses on strategic investments in technology companies relevant to banks and their digital transformation of products and services.

POELLATH provided comprehensive advice to ABN AMRO Ventures with the following Munich-based team:

• Christian Toenies (partner, co-lead, M&A/VC)
• Dr. Sebastian Gerlinger (counsel, M&A/VC)
• Markus Döllner (senior associate, co-lead M&A/VC)

POELLATH regularly advises ABN AMRO Ventures, most recently on investments in the start-ups Penta, Privitar and Crosslend.