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K&L Gates Advises Balderton Capital on Investment in Scalable Capital

19 December 2023

Global law firm K&L Gates LLP advised Balderton Capital, a multistage European venture capital fund based in London, as lead investor in the Series E+ financing of Scalable Capital, a Berlin-based, European digital investment platform. Scalable raised EUR 60 million in connection with the financing. The funding will be used to deliver further growth and to capitalize on Scalable Capital’s position as a leading provider of easy and cost effective investing solutions for retail clients. Scalable Capital launched with a digital wealth management service and expanded in 2020 into a full-service brokerage offering now with services in Austria, France, Italy, Spain, and the Netherlands.

The multi-continent K&L Gates team that advised on the matter was led by Charlotte partner Michael Hutson and Berlin partner Thilo Winkeler, with assistance from Munich partners Philipp Riedl and Hilger von Livonius, Berlin partners Thomas Nietsch and Nils Neumann, London partner Philip Morgan, London special counsel Kai Zhang, Berlin counsel Patricia Prelinger, Frankfurt counsel Ulrike Elteste, Berlin associates Gabriella Piras and Lara Wengenmayr, Munich associate Judy Witten, and Charlotte associate Morgan Kleinhandler.

Hutson commented: “We greatly appreciate the opportunity to advise sophisticated investment firms such as Balderton on complex investments in highly-regulated companies like Scalable, where we pulled from our best-in-class cross-border, venture capital, and financial services regulatory capabilities. We are excited to have assisted Balderton’s deeply talented team on this investment and look forward to partnering on future European-focused investments in the financial services and technology industries.”

K&L Gates’ Corporate practice is one of the most substantial in the legal industry, with more than 500 lawyers in offices on five continents providing clients with practical legal solutions in the structuring, financing, and completion of domestic, international, and cross-border transactions.

K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.

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