Crypto trading platform Bitpanda raises $263M at a $4.1B valuation

Image Source: Bitpanda

Austria-based cryptocurrency trading platform Bitpanda announced today that it raised $263 million at a $4.1 billion valuation in a Series C funding round led by Valar Ventures. 

Investors of the company include Alan Howard and REDO, with existing investors LeadBlock Partners and Jump Capital also taking part in the funding round. 

Founded in 2014 in Vienna by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda currently has over 3 million customers and 500 employees from more than 50 different nationalities. 

The company gained the ‘unicorn’ status back in March this year when it raised $170 million at a valuation of $1.2 billion. The latest funding round has now tripled the company’s market valuation to $4.1 billion. 

The cryptocurrency broker said that it plans to expand into other markets and grow its team with “roll-up-your-sleeves-and-make-it-happen” kind of people.

‘’We now have physical talent hubs and offices in 8 cities across Europe, as well as a remote-first Blockchain Research & Development Hub, where we bring together talent around Europe to build state-of-the-art technologies that leverage blockchain for the future,’’ wrote the company in a blog post. 

’And we’re not stopping here! International expansion and growth are our key priorities: we’ll keep building the team, opening new offices and launching new markets and products as we design for scale and optimise for growth.’’

Written by Sophie Blake

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