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




The crypto exchange company Bitpanda announces on Tuesday that it has closed the Series C funding round. The funding round was led by Peter Thiel’s Valar Ventures.

Peter Thiel’s Valar Ventures values the company at $4.1 billion. Bitpanda raises $263M after being valued at $4.1 Billion in Series C funding round.

In March company raises $170 million in a Series B round which valued the firm at $1.2 billion. This made Bitpanda Austria’s first-ever tech unicorn.

“I’m also grateful for the vote of confidence received from our investors, old and new. Our Series C 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.”

“We’re lucky to have them onboard and we look forward to working together. They bring onboard much more than money – their expertise and advice is incredibly valuable as we shape the future of investment, together,” says Eric Demuth, the Co-founder and CEO of Bitpanda.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.