Berlin-Based Upvest Raises €100M Series C for Investment APIs

Upvest, a Berlin-based company providing investment API infrastructure for banking applications, closed a €100M (~$104M) Series C funding round. The round was led by Hedosophia, with participation from Sapphire Ventures and other existing investors. Upvest's platform enables banks, neobanks, and fintech apps to embed investment and wealth management capabilities directly into their products via APIs.

The company plans to use the capital to double its headcount from 170 employees and accelerate platform development and market expansion. This raise positions Upvest as one of the largest embedded finance infrastructure funding events of 2024. The investment reflects continued institutional confidence in API-first financial infrastructure, particularly in the European market where open banking and embedded investing are gaining traction.