Bitpanda raises more than 260 million US dollars

According to its own information, the fintech from Vienna is now worth 4.1 billion US dollars. The round was led by Valar Ventures.

Austrian fintech Bitpanda has raised a total of USD 263 million in a Series C financing round. This brings the Vienna-based unicorn's valuation to a total of $4.1 billion. It was previously valued at $1.2 billion, according to the company, which means the fintech would have more than tripled its valuation with the funding round.

The round was led by Valar Ventures, the VC of Peter Thiel of the billionaire US-American with German origin. Thiel had previously co-founded, among other things, today's payment giant Paypal with Elon Musk and later became the first outside investor to put money into Facebook. LeadBlock Partners, Jump Capital, Alan Howard and REDO ventures have also invested. The Austrian Financial Market Authority (FMA) has yet to clear the deal.

In addition to the funding round, there is also personnel news from Bitpanda. According to the company, Lindsay Ross, formerly of Adyen, Irina Scarlat, formerly of Revolut, João Luís, formerly of Farfetch and Michael Keskerides, previously of N26 have joined the company in various positions.

In 2014, Eric Demuth, Paul Klanschek and Christian Tummer had founded the start-up in Vienna. Bitpanda had originally started as a platform through which people could trade cryptocurrency. In the meantime, users can also trade other asset classes, including stocks, ETFs and precious metals. The fintech is headquartered in Vienna, but the startup has offices across Europe and plans to open more in the future.