Upvest raises $125M to strengthen its API-based investment platform

Upvest, a European investment infrastructure provider, has announced a $125 million financing round to support the modernisation of legacy banking systems across Europe and the UK. The $90 million equity round was led by Sapphire Ventures and Tencent, with participation from existing investors including Bessemer Venture Partners and BlackRock, while the company is also finalising a $35 million debt facility to strengthen its capital base.Founded in Berlin in 2017, Upvest is a technology company…