Bitpanda over $ 263m in Serie C financial round, bedridgef strift’down to technology’

Vienna-based crypto platform Bitpanda said the company received $ 263 million in a series C funding round. funding was led by Valar Ventures, while leadblock partners, Jump Capital, alan Howard and Redo Ventures joined the tour. The latest funding gives Bitpanda a total valuation of $ 4.1 billion.

Bitpanda’s crypto unicorn is now estimated to be worth $ 4.1 billion after a capital increase
Digital investment platform Bitpanda reported on August 17 that the company had raised $ 263 million as part of its Series C investment round. Austria’s fintech unicorn is currently estimated to be worth $ 4.1 billion.

The company says the funds will be used to” strengthen” the team,” double ” the technology, and Bitpanda will also seek international expansion. Bitpanda notes that series C was signed this month and must be approved by the Austrian financial markets Office (FMA).

The funding followed a previous series B bitpanda investment round in May in which the company raised $ 170 million. Bitpanda was founded in Austria in 2014 by Eric Demute, Paul Klanczek and Christian Trammer.

The Platform now has 3 million users and believes it is”on track to achieve a 6-fold increase in the number of customers on an annual basis.” Bitpanda also expects to increase its revenues sevenfold in 2021 compared with last year’s earnings.

“We believed in Bitpanda’s potential from the start and were impressed by the results achieved by Eric, Paul, Christian and the bitpanda team,” Andrew Mccormack, co-founder of Valar Ventures, said during the announcement.

Bitpanda will be followed by several crypto companies that will raise millions of dollars, including the Protocol, PAXOS, FTX, Mintable, Bitcoin Suisse, Valr, Coin Metrics, Messari, Truefi, Matrixport and Lolli. June Sunday, Bitpanda announced it was launching its B2B market as Bitpanda and launching Los Angeles after the financial Round of the B Series.

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