Source: Fintech Futures – https://www.fintechfutures.com/venture-capital-funding/trade-republic-hits-12-5bn-valuation-following-1-2bn-secondary-share-sale
Trade Republic reached a valuation of 12.5 billion euros after a secondary share transaction. Investors bought 1.2 billion euros in shares from early shareholders. The deal did not involve new primary capital.
Existing investors participated in the transaction. They included Founders Fund, Sequoia, Accel, TCV, and Thrive Capital. New investors also joined the cap table. These participants included Wellington Management, Fidelity Investments, Khosla Ventures, Lingotto Innovation, GIC of Singapore, and Aglaé Ventures.
Trade Republic is based in Berlin. The company operates an investment platform across Europe. Customers can access stocks, exchange-traded funds, cryptocurrencies, and private market products. The platform also offers savings accounts. The European Central Bank granted the firm a full banking license in December 2023.
Christian Hecker is the co-founder and chief executive. The company was previously valued at around 5 billion euros. That valuation followed a 250 million euro Series C extension in June 2022, which was led by Ontario Teachers’ Pension Plan.
Trade Republic reported three straight years of profitability. The firm raised over 1 billion euros in primary capital since its launch. The company stated it does not need additional funding.
Over the past year, Trade Republic localized operations in several European markets, including France, Italy, Spain, Austria, and the Netherlands. The secondary transaction supports long-term expansion plans in the region.
