Trade Republic’s $900 Million Series C Funding Round

SMP advised early-stage investor and operating VC Project A and Trade Republic. Latham & Watkins LLP advised Trade Republic. Taylor Wessing advised Accel, Founders Fund, Creandum and Project A.

Trade Republic, a Berlin, Germany based NeoBroker, raised $900m in Series C funding.

The round, which valued the company at over $5 billion, was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and Project A.

By its own account, Trade Republic is valued at more than five billion dollars after this further round of financing. The Berlin-based company of Christian Hecker, Thomas Pischke and Marco Cancellieri thus advances to become the most valuable startup in Germany and is also among the top 10 in all of Europe. Just over a year after its Series B financing round, Trade Republic thus also achieves one of the largest venture investments of a FinTech worldwide.

Trade Republic enables people across Europe to invest money into capital markets with a commission-free offering. At the core of the company’s offering is an ETF or fractional stock savings plan, which allows people to invest free of charge on a regular basis. Trade Republic also recently added crypto currencies.

With the new capital, the company intends to drive its expansion in Europe, the expansion of its product portfolio and the acquisition of the best talent. Only recently, Trade Republic had already strengthened its team for this purpose with additional top managers who bring experience from well-known tech companies such as Netflix, Facebook or Klarna.

The SMP team advising Project A included Dr. Fabian Euhus (Picture – Funds), Partner; Dr. Benjamin Ullrich (Corporate), Partner; Dr. Saskia Kleinpeter (Funds), Associate.

The SMP team advising Trade Republic included Dr. Frederik Gärtner (Corporate/FinTech), Associated Partner; Dr. Matthias Schatz (Corporate), Partner; Lennart Lorenz (Regulatory), Partner.

Latham & Watkins LLP advised Trade Republic with a team led by Frankfurt corporate partner Oliver Felsenstein and Hamburg partner Nils Röver, with London partner Mike Turner, Hamburg associates Jacob Ahme, Lorenz Koffka, Katarina Fröschle, London associate Medha Marathe, and Düsseldorf associate Felix Gasten. Advice was also provided on tax matters by Munich partner Stefan Süß and Hamburg associate Verena Seevers, on IP matters by Frankfurt partner Susan Kempe-Müller and on regulatory matters by partner Markus Krüger.

The Taylor Wessing team included Lead Hassan Sohbi (Partner), David Becker (Salary Partner), Max Willen (Professional Support Lawyer) all M&A/Venture Capital, all Frankfurt.

Involved fees earner: Jacob Ahme – Latham & Watkins; Oliver Felsenstein – Latham & Watkins; Katarina Fröschle – Latham & Watkins; Felix Gasten – Latham & Watkins; Susan Kempe-Mueller – Latham & Watkins; Lorenz Koffka – Latham & Watkins; Markus Krüger – Latham & Watkins; Medha Vinayak Marathe – Latham & Watkins; Nils Röver – Latham & Watkins; Verena Seevers – Latham & Watkins; Stefan Süss – Latham & Watkins; Mike Turner – Latham & Watkins; Fabian Euhus – Schnittker Möllmann Partners; Frederik Gartner – Schnittker Möllmann Partners; Saskia Kleinpeter – Schnittker Möllmann Partners; Lennart Lorenz – Schnittker Möllmann Partners; Matthias Schatz – Schnittker Möllmann Partners; Benjamin Ullrich – Schnittker Möllmann Partners; David Becker – Taylor Wessing; Hassan Sohbi – Taylor Wessing; Max Willen – Taylor Wessing;

Law Firms: Latham & Watkins; Schnittker Möllmann Partners; Taylor Wessing;

Clients: Accel ; Creandum AB; Founders Fund; Project A Ventures GmbH & Co. KG; Trade Republic;

Author: Federica Tiefenthaler