German wealth management startup Cashboard has raised €3m in a Series A round led by Digital Space Ventures.
Investment also came from existing backers Redalpine Capital, Earlybird and 500 Startups.
The Berlin-based company aims to differentiate itself from other robo-advisors in offering users a greater range of products and asset classes.
Cashboard allows users to set their savings goals, how much they aim to save and levels of risk and then suggests personalised, diverse investment portfolios.
These are made up of traditional facilities such as day deposits, stocks and funds as well as emerging opportunities such as peer-to-peer lending, crowdfunding and cryptocurrencies.
The company previously raised $2m in a seed funding round led by Earlybird.
The new capital will be used to grow its team and expand its international reach beyond Germany and Austria where it counts 10,000 customers since launching in 2014.
Digital Space Ventures is a $50m fintech fund based in Luxembourg that operates across London, Berlin, Vienna and Zurich.
Its portfolio companies include challenger bank Tandem, remittances services Revolut and Estonian insurtech platform Drivecred.
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