Berlin – SMP advised early-stage investor and operating VC Project A on its Series C investment in FinTech Trade Republic. The funding round for Europe's leading mobile broker has a total size of $900 million and was led by Sequoia. In addition to Sequoia and Project A, TCV and Thrive Capital also participated, as well as other existing investors Accel, Founders Fund and Creandum.
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. 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.
At the same time, SMP is also pleased about the cooperation with Trade Republic itself, which has already grown over a long period of time. The law firm's specialists regularly advise Trade Republic on specific corporate and regulatory issues.
Advisors Project A:
Dr. Fabian Euhus (Funds), Partner
Dr. Benjamin Ullrich (Corporate), Partner
Dr. Saskia Kleinpeter (Funds), Associate
Advisors Trade Republic:
Dr. Frederik Gärtner (Corporate/FinTech), Associated Partner
Dr. Matthias Schatz (Corporate), Partner
Lennart Lorenz (Regulatory), Partner
View Press Release in PDF Format
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 70 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.