TechFlow News — Upvest, a regulated crypto brokerage and custody financial institution, has announced the completion of a $42 million Series B funding round led by Bessemer Venture Partners, with participation from Earlybird, ABN AMRO Ventures, Notion Capital, Partech, 10x Group, Speedinvest, and Maximilian Tayenthal (N26). The new capital will be used to further develop and optimize the company's API, expand its team, and lay the foundation for international expansion.
Upvest is one of the few financial institutions in Europe holding both German Federal Financial Supervisory Authority (BaFin) licenses for securities, crypto brokerage, and custody services. It primarily leverages APIs to offer end-users access to capital market investment products, including ETFs, stocks, and crypto assets.
