Germany: Taylor Wessing Advises Existing Investors at USD 900 Million Series C Financing Round in Trade Republic

Trade Republic has closed its USD 900 million Series C financing round led by Sequoia Capital with participation from TCV, Thrive Capital and the existing investors Accel, Founders Fund, Creandum and Project A. A venture capital team of Taylor Wessing co-led by Frankfurt partner Hassan Sohbi and salary partner David Becker has advised Accel, Founders Fund, Creandum and Project A.

Trade Republic Bank GmbH, founded by Marco Cancellieri, Christian Hecker and Thomas Pischke in 2015, is a FinTech startup from Berlin. Trade Republic offers a mobile device solution for trading Stocks, ETFs and Derivatives. The outstanding characteristic of Trade Republic's solution is that users do not pay any commission for trading via the app, as it is normally the case. Instead, users pay a fixed fee of one euro per trade.

The Series C financing round raises Trade Republic’s valuation to over USD 5 billion making the Berlin-based neo-broker start-up to one of the highest valued FinTech "unicorns" in Europe.

Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Investments include companies such as Dropbox, Facebook, Slack and Spotify.

Founders Fund, which is based in San Francisco, invests in all stages of growth and sectors such as artificial intelligence, energy or consumer internet. Founders Fund’s portfolio includes investments in companies like SpaceX, Airbnb, Facebook or Spotify.

Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games. The Creandum funds are based in Guernsey and Sweden and are advised by advisory entities in Stockholm, Berlin, and San Francisco.

Project A is one of the leading venture capital companies in Europe with offices in Berlin and London. In addition to USD 600 million in assets under management, Project A provides its portfolio companies such as Sennder, Kry, WorldRemit, Catawiki and Spryker with a wide range of operational support services.

Legal advisors Accel, Founders Fund, Creandum and Project A:

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