Index Ventures and Speedinvest Back Spiko in $90M Series B

European fintech has secured a major growth-stage proof point with Spiko raising $90 million in a Series B funding round. The investment, backed by tier-one firms Index Ventures and Speedinvest, represents a significant commitment to the infrastructure layer of tokenized real-world assets.

The size of the round reflects a broader shift in investor sentiment toward fintech platforms that bridge traditional capital markets with decentralized ledger technology. Rather than speculative digital assets, institutional allocators are increasingly backing regulated platforms that offer tangible yield and operational efficiencies to corporate treasuries and asset managers.

For European growth-stage venture capital, the transaction signals that high-quality fintech scaleups can still command substantial check sizes despite a more disciplined macroeconomic environment. The participation of Index Ventures and Speedinvest—two of Europe's most active venture firms across different investment stages—provides a strong validation of Spiko's market positioning and compliance-first architecture.

As the regulatory landscape in Europe crystallizes under frameworks like MiCA, early movers in the tokenization space are capturing the attention of global venture funds. Moving forward, the focus for Spiko and its peers will shift to volume and distribution, proving whether tokenized money market funds can achieve the liquidity and institutional adoption required to justify these growth-stage valuations.