Valar Ventures leads $52m series-A for Bitpanda

Austrian venture capital house Speedinvest also took part in the round, alongside other unnamed investors.

Valar founding partner Andrew McCormack will join Bitpanda's advisory board as part of the deal.

The company intends to use the fresh capital to further boost its international expansion across Europe and scale up its team with 70 new hires.

Previous funding
Bitpanda sold out its first initial exchange offering (IEO) for its own ecosystem token Best, raising €43.6m in August 2019.

Speedinvest backed Bitpanda with an undisclosed amount of funding in April 2020. The VC house typically deploys equity tickets of up to €4m.

Company
Founded in 2014 and headquartered in Vienna, Bitpanda offers a trading platform for cryptocurrencies. 

The company has a presence in numerous European countries, including France, Spain and Turkey. It employs 300 staff and claims to have 1.3 million users.

People
Bitpanda – Eric Demuth (CEO).
Valar Ventures – Andrew McCormack (founding partner).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Financials
• Technology
• Venture
• Austria