Funding round
Trade Republic Series C
Trade Republic, which works in digital banking services in Berlin, raised $900M in a Series C round announced on 20 May 2021, led by Sequoia Capital, at a $5.00B post-money valuation. 7 firms took part, 4 of them already investors. It is Trade Republic's third venture round on record; the one before was a Series B in Apr 2020.
$900M
Amount raised
$5.00B
Post-money valuation
7
Investors
1 lead
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Trade Republic at $5.00B after the new money. The $900M bought investors about 18% of the company. It came 13 months after Trade Republic's Series B. It is 38% of the $2.38B Trade Republic has raised in the venture rounds on record. Trade Republic raised again 55 months later: a Growth round of $1.40B in Dec 2025, at $14.70B post-money.
Trade Republic's funding rounds
Trade Republic has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 6 other firms. Accel, Founders Fund, Creandum and Project A had backed Trade Republic before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Technology Crossover Ventures backs 86 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- Accel backs 581 venture-backed companies existing investor
- Founders Fund backs 368 venture-backed companies existing investor
- backs 95 venture-backed companies existing investor
- backs 64 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
10 Series C rounds in Financial Services within a year either side disclosed an amount; the median was $68M, and this round was 13 times the median. The closest in time, other companies' Series C rounds in Financial Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ProducePay Financial Services | 20 May 2021 | $43M | not disclosed | G2 Venture Partners and International Finance Corporation |
| Financial Services | 15 Mar 2021 | $70M | not disclosed | TTV Capital |
| Bitpanda Financial Services | 17 Aug 2021 | $263M | $4.10B | Valar Ventures |
| FalconX Financial Services | 10 Aug 2021 | $210M | $3.75B | Altimeter and B Capital |
| Financial Services | 15 Dec 2020 | $65M | not disclosed | Accel |
| Financial Services | 25 Nov 2021 | $25M | $3.39B | Tiger Global |
| DriveWealth Financial Services | 27 Oct 2020 | $57M | not disclosed | Point72 Ventures |
| Petal Financial Services | 24 Sep 2020 | $55M | not disclosed | Valar Ventures |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Trade Republic raise in its Series C round?
Trade Republic raised $900M in its Series C round, announced in May 2021.
Who led Trade Republic's Series C round?
Sequoia Capital led it, with Technology Crossover Ventures, Thrive Capital, Accel, Founders Fund and Creandum and 1 more.
What was Trade Republic's valuation at the Series C round?
$5.00B post-money.
How does it compare with other Series C rounds in Financial Services?
10 Series C rounds in Financial Services within a year either side disclosed an amount; the median was $68M, and this round was 13 times the median.
Did Trade Republic raise again after this round?
Yes: a Growth round in Dec 2025 of $1.40B at $14.70B post-money.