BlackRock has taken a "significant minority stake" in European robo-adviser Scalable Capital as part of a €30m funding round with existing venture capital investors.
The investment house invested alongside backers HV Holtzbrinck Ventures and Tengelmann Ventures, which had been involved in earlier funding rounds totaling €11m. BlackRock's involvement will help Scalable...
View from the front row
Project Libra unveiled
Including SJP and investment trusts
Spent two years at Sanlam
Will also assess FCA's actions