{"id":11159,"date":"2021-08-18T10:54:05","date_gmt":"2021-08-18T10:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/bitpanda-raises-263-million-in-series-c-finance-round-firm-aims-to-double-down-on-technology\/"},"modified":"2021-08-18T10:54:05","modified_gmt":"2021-08-18T10:54:05","slug":"bitpanda-raises-263-million-in-series-c-finance-round-firm-aims-to-double-down-on-technology","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/bitpanda-raises-263-million-in-series-c-finance-round-firm-aims-to-double-down-on-technology\/","title":{"rendered":"Bitpanda Raises $263 Million in Series C Finance Round, Firm Aims to \u2018Double Down on Technology\u2019"},"content":{"rendered":"

Vienna-based crypto platform Bitpanda has announced the firm has secured $263 million in a Series C funding round. The financing was led by Valar Ventures and Leadblock Partners, Jump Capital, Alan Howard, and Redo Ventures joined the investment round. The latest financing gives Bitpanda an overall valuation of $4.1 billion.<\/strong><\/p>\n

Crypto Unicorn Bitpanda Is Now Valued at $4.1 Billion After Capital Raise<\/h2>\n

Digital investment platform Bitpanda<\/a> revealed on August 17 that the company raised $263 million in a Series C investment round. The Austrian fintech unicorn is now valued at $4.1 billion, which is triple the size of the firm\u2019s previous $1.2 billion private valuation.<\/p>\n

The company says funds will be used to \u201cstrengthen\u201d the team, \u201cdouble down\u201d on technology, and Bitpanda seeks international expansion as well. Bitpanda notes the Series C was signed this month and will need to be cleared by the Austrian Financial Market Authority (FMA).<\/p>\n

The financing follows Bitpanda\u2019s previous Series B investment round in May when the company raised $170 million. Bitpanda was founded in Austria by Eric Demuth, Paul Klanschek, and Christian Trummer in 2014.<\/p>\n

The platform now boasts 3 million users and believes it\u2019s \u201con track to achieve 6x customer growth year over year.\u201d Bitpanda also expects 2021\u2019s revenues to increase sevenfold in comparison to last year\u2019s revenue.<\/p>\n

\u201cWe believed in Bitpanda\u2019s potential from the beginning and we are impressed by the results that Eric, Paul, Christian, and the Bitpanda team have achieved,\u201d Andrew McCormack, founding partner of Valar Ventures said during the announcement.<\/p>\n

<\/p>\n

Bitpanda follows a slew of other crypto firms raising millions of dollars including companies like Dune Analytics<\/a>, Paxos<\/a>, FTX<\/a>, Mintable<\/a>, Bitcoin Suisse<\/a>, Valr<\/a>, Coin Metrics<\/a>, Messari<\/a>, Truefi<\/a>, Matrixport<\/a>, and Lolli<\/a>. Bitpanda says that after the Series B finance round, the company produced its commission-free stocks product and in June it launched its B2B market called Bitpanda While Label.<\/p>\n

\u201cWe started Bitpanda in 2014 with a clear vision: to bring investing closer to everyone, everywhere,\u201d Eric Demuth, co-founder and CEO of Bipanda said in a statement sent to Bitcoin.com News. \u201cWe wouldn\u2019t be here today without the efforts of our talented team members who are constantly rolling up their sleeves to make things happen,\u201d he added.<\/p>\n

What do you think about Bitpanda raising $263 million? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nFinance, $263 Million, austria, b2b, Bitcoin, BITPANDA, Bitpanda White Label, Christian Trummer, crypto platform, Cryptocurrency, Fintech, Paul Klanschek, Series C, technology, vienna<\/p>\n","protected":false},"excerpt":{"rendered":"

Vienna-based crypto platform Bitpanda has announced the firm has secured $263 million in a Series C funding round. The financing was led by Valar Ventures and Leadblock Partners, Jump Capital, Alan Howard, and Redo Ventures joined the investment round. The latest financing gives Bitpanda an overall valuation of $4.1 billion. Crypto Unicorn Bitpanda Is Now…<\/p>\n","protected":false},"author":0,"featured_media":11160,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-11159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11159"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=11159"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/11159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/11160"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=11159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=11159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=11159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}