Bitpanda Secures $263 Million in Series C Funding

Bitpanda, an Austria-based digital investment platform, announced today that it has secured $263 million in a Series C funding round at a valuation of $4.1 billion. The company gained Unicorn Unicorn Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Unicorns represent privately held startup companies whose value exceeds $1 billion. The term itself was coined by venture capitalist Aileen Lee back in 2013, with Unicorns since assuming the gold standard of companies.At the time of writing, approximately 465 unicorns exist, with standouts becoming ubiquitous in everyday life. This includes Ant Financial, DiDi, Airbnb, Stripe, Lyft, and Palantir Technologies, among many others.While all wildly successful, many unicorns are themselves the product Read this Term status earlier this year after its $170 million Series B funding round.

In an official announcement, Bitpanda mentioned that the company has seen exceptional growth in the last few years. The latest investment round was led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital.

Founded in 2014, Bitpanda is based in Vienna. The company currently offers trading services in various financial assets including digital currencies and commodities. According to Bitpanda, the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term now has over 3 million users.

Commenting on the recent funding, Eric Demuth, Co-Founder and CEO of Bitpanda, said: “We wouldn’t be here today without the efforts of our talented team members who are constantly rolling up their sleeves to make things happen. I am grateful to share our journey with these incredible folks – our Bitpanda team of more than 500 people with a diverse mix of 50 nationalities. They are the engine fueling our growth, and I am thankful to each and every one of them for being part of this journey.”

In July 2021, Bitpanda recruited Irina Nicoleta Scarlat, former Global Head of Growth at Revolut, as its first Chief Growth Officer (CGO).

International Expansion

Through the latest funding, Bitpanda is planning to accelerate its expansion. The company has offices and talent hubs in eight cities across Europe.

“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 optimize for growth. And guess what? Our rocketship is getting bigger and we’re on the lookout for those fast-moving, talented, 'roll-up-your-sleeves-and-make-it-happen' kind of people who want to build it with us,” Demuth added.