Crypto Exchange Bitpanda Raises $263M at $4.1B Valuation

Crypto Exchange Bitpanda Raises $263M at $4.1B Valuation

Bitpanda, one of Europe’s fastest-growing fintechs, closed a $263 million Series C funding round, the company said Tuesday.

  • The round, led by Peter Thiel’s Valar Ventures, values the company at $4.1 billion. It comes just months after a $170 million Series B in March that valued the firm at $1.2 billion and made Bitpanda Austria's first-ever tech unicorn.
  • The Vienna-based investment platform said it will use the fresh capital to double down on technology, international expansion and growth.
  • Billionaire hedge fund manager Alan Howard, REDO Ventures and existing investors LeadBlock Partners and Jump Capital also participated in the round.
  • Founded as a bitcoin exchange in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda has since expanded beyond crypto to offer the trading of stocks, precious metals and exchange-traded funds.
  • Source