Bitpanda in a $170 million deal backed by Valar and DST Global

Austria United States Russia 15 March 2021
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Bitpanda, a Vienna, Austria-based operator of a retail brokerage paltform for buying and selling cryptocurrencies, announced the completion of a $170 million capital funding round.

The money was raised from investors led by Valar Ventures and DST Global. The deal, which the company calls a Series B, values the operation to $1.2 billion.

Bitpanda, founded in 2015 by Eric Demuth (CEO), Paul Klanschek and Christian Trummer, is looking to become a pan-European platform for all investors, not just a crypto broker, as it is working to accomodate retail investors need to do fractional trades, which will let people invest small amounts of money in whichever stocks they would like to back. The company is active in markets including Austria, France, Spain, Turkey, Italy and Poland and has about 2 million users.

Prior to this round, in September 2020, Bitpanda raised $52 million.

Total investments received (USD): 222M
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