Latham & Watkins Advises Trade Republic on US$900 Million Series C Financing

Latham & Watkins LLP advised Trade Republic on its US$900 million Series C financing. The round was led by Sequoia and included TCV and Thrive Capital next to existing investors Accel, Founders Fund, Creandum and Project A. With a valuation of over $5 billion, Trade Republic is amongst the highest valued private FinTechs in Europe.

Trade Republic is on a mission to set millions of Europeans up for wealth creation with se-cure, easy and commission-free access to capital markets. With over one million customers Trade Republic is already for many Europeans the home screen app for their wealth management. As Europe’s largest NeoBroker Trade Republic has received funding by investors like, Accel, Creandum, Founders Fund, Project A, Sequoia, TCV, and Thrive Capital. The company based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri and employs more than 400 People.

Latham represented Trade Republic in the financing 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.