Asset manager BlackRock has taken a large minority stake in robo-advice firm Scalable Capital.
The investment is part of a £26.3 million fund raising round. The companies did not disclose how big BlackRock’s investment was but said it had taken ‘a significant’ equity stake.
Following the deal BlackRock’s chief operating officer in Europe Patrick Olson will join Scalable Capital’s supervisory board.
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.