Digital Assets: Crypto Broker Bitpanda Triples Valuation To $4.1B In Five Months

Peter Thiel-backed Bitpanda raised $263 million in its latest Series C funding round.

Austrian cryptocurrency broker Bitpanda announced today (August 17, 2021) its raise of $263 million in a Series C round led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital. Valar Ventures is the venture capital firm co-founded by U.S. tech billionaire Peter Thiel. The round valued Bitpanda at $4.1 billion, up from $1.2 billion in March, when the startup raised $170 million. (Reuters)

The aggregate amount of funds raised by the firm is nearly $500 million.


Bitpanda was founded in 2014 as a crypto-trading company by Christian Trummer, Paul Klanschek and Eric Demuth.

Since those early days it has morphed into a platform that allows users to trade in commission-free fractional stocks, cryptocurrencies or precious metals – with any amount of money.

  • 3 million users
  • Workforce of more than 500 people
  • Physical talent hubs and offices in eight cities across Europe
  • Remote-first Blockchain Research & Development Hub
  • It also licenses its technology out as a “white label” offering
  • Profitable for last five years
  • Revenues could rise 7X in 2021

According to CNBC, which quoted Eric Demuth, Bitpanda’s CEO and co-founder, Bitpanda plans to offer round-the-clock trading in stocks by the end of the year.

Use of funds

Bitpanda will use the latest funding to expand hiring of new talent as it continues to scale up its operations.

It also intends to push for international expansion and growth by launching new products in new markets.

The firm told Reuters that as of now there were no plans for an IPO. However, Demuth said he would prefer the direct listing route followed by companies such Coinbase (NASDAQ: COIN) , RobinHood (NASDAQ: HOOD) and Wise (LON: WISE).

Related Story:   German Stock Trading App Trade Republic Scores $900M Raise

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AI To Help Survey For Endangered Bats Under Bridges
September 22, 2021     Artificial Intelligence, News

Hundreds of thousands of bats from about 40 species routinely nest under US bridges, and many of them are endangered or threatened. Transportation departments must mandatorily check for them before…
Artificial Intelligence: AI Cameras In Amazon Delivery Vehicles Unfairly Penalize Drivers
September 21, 2021     Artificial Intelligence, News

Amazon (NASDAQ: AMZN) installed AI-powered cameras in its delivery fleet in February as an investment in safety technology across its operations. The company said at the time the system would…
FinTech: Assets, A New Product From Wise, Lets You Spend From Your Stocks Portfolio
September 21, 2021     FinTech, News

Wise (LON: WISE), the UK payments fintech previously known as TransferWise, has taken its first steps into investing solutions. Its Assets product allows users to invest in stocks but also…
Alternative Investments/ESG: ETFMG Launches Maritime Decarbonization ETF

ETF Managers Group, which created the highly successful Breakwave Dry Bulk Shipping ETF (NYSE: BDRY), has launched a sister ETF – the ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA). The…