Crypto Exchange Bitpanda Raises $263M at $4.1B Valuation

Crowned Austria’s first tech unicorn in March, the firm is now worth even more.

AccessTimeIconAug 17, 2021 at 8:00 a.m. UTC
Updated May 9, 2023 at 3:22 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Bitpanda, one of Europe’s fastest-growing fintechs, closed a $263 million Series C funding round, the company said Tuesday.

  • The round, which was led by PayPal founder Peter Thiel's Valar Ventures, values the company at $4.1 billion. It comes just months after a $170 million Series B funding round in March that valued the firm at $1.2 billion and made Bitpanda Austria's first-ever tech unicorn, which means a startup that's worth at least $1 billion.
  • The Vienna-based investment platform said it will use the fresh capital to double down on technology, international expansion and growth. 
  • Billionaire hedge fund manager Alan Howard, REDO Ventures and existing investors LeadBlock Partners and Jump Capital also participated in the round.
  • Founded as a bitcoin exchange in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda has since expanded beyond crypto to offer the trading of stocks, precious metals and exchange-traded funds.
  • Key Events You Shouldn't Miss at Consensus 2024
    02:13
    Key Events You Shouldn't Miss at Consensus 2024
  • What to Expect From Consensus 2024
    11:19
    What to Expect From Consensus 2024
  • Will Solana and Altcoins Dominate the Market Next?
    13:29
    Will Solana and Altcoins Dominate the Market Next?
  • What's Next for FIT21?
    07:15
    What's Next for FIT21?
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.