Update: Bitpanda Secures Additional €10 Million as a Extension of Series B Funding Round
Bitpanda, a Vienna-based digital investment platform, announced on Friday it secured an additional €10 million as an extension of its Series B investment round, which was announced last month. The investment round, which
intentionally raised $170 million and increased the company’s valuation to $1.2bn as well as giving it unicorn status, was notably led by Valar Ventures, with participation from the partners of DST Global.
Speaking about the company’s future,
Eric Demuth,
Co-founder and CEO of Bitpanda stated:
“Bitcoin and digital assets have proven that they are here to stay. It has been the best performing asset class of the last decade and now institutional investors want to participate the same way as retail investors. We are ready to meet this demand, and are fully regulated as a company based in the EU with offices and experts around the continent.”