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Home > All Crypto > Bitpanda Raises $263 Million in Sequence C Finance Spherical, Agency Goals to ‘Double Down on Expertise’ – Finance Bitcoin Information

Bitpanda Raises $263 Million in Sequence C Finance Spherical, Agency Goals to ‘Double Down on Expertise’ – Finance Bitcoin Information

Vienna-based crypto platform Bitpanda has introduced the agency has secured $263 million in a Sequence C funding spherical. The financing was led by Valar Ventures and Leadblock Companions, Soar Capital, Alan Howard, and Redo Ventures joined the funding spherical. The newest financing offers Bitpanda an total valuation of $4.1 billion.

Crypto Unicorn Bitpanda Is Now Valued at $4.1 Billion After Capital Elevate

Digital funding platform Bitpanda revealed on August 17 that the corporate raised $263 million in a Sequence C funding spherical. The Austrian fintech unicorn is now valued at $4.1 billion, which is triple the scale of the agency’s earlier $1.2 billion personal valuation.

The corporate says funds can be used to “strengthen” the crew, “double down” on know-how, and Bitpanda seeks worldwide growth as effectively. Bitpanda notes the Sequence C was signed this month and can must be cleared by the Austrian Monetary Market Authority (FMA).

The financing follows Bitpanda’s earlier Sequence B funding spherical in Might when the corporate raised $170 million. Bitpanda was based in Austria by Eric Demuth, Paul Klanschek, and Christian Trummer in 2014.

The platform now boasts 3 million customers and believes it’s “on monitor to attain 6x buyer development 12 months over 12 months.” Bitpanda additionally expects 2021’s revenues to extend sevenfold compared to final 12 months’s income.

“We believed in Bitpanda’s potential from the start and we’re impressed by the outcomes that Eric, Paul, Christian, and the Bitpanda crew have achieved,” Andrew McCormack, founding associate of Valar Ventures mentioned through the announcement.

Bitpanda follows a slew of different crypto corporations elevating thousands and thousands of {dollars} together with corporations like Dune Analytics, Paxos, FTX, Mintable, Bitcoin Suisse, Valr, Coin Metrics, Messari, Truefi, Matrixport, and Lolli. Bitpanda says that after the Sequence B finance spherical, the corporate produced its commission-free shares product and in June it launched its B2B market known as Bitpanda Whereas Label.

“We began Bitpanda in 2014 with a transparent imaginative and prescient: to deliver investing nearer to everybody, in every single place,” Eric Demuth, co-founder and CEO of Bipanda mentioned in a press release despatched to Information. “We wouldn’t be right here at the moment with out the efforts of our gifted crew members who’re always rolling up their sleeves to make issues occur,” he added.

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$263 Million, austria, b2b, Bitcoin, BITPANDA, Bitpanda White Label, Christian Trummer, crypto platform, Cryptocurrency, Finance, Fintech, Paul Klanschek, Sequence C, know-how, vienna

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