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 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 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.

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