Bitpanda Closes At $52M Series A

Bitpanda, a European-based crypto exchange company, today announced it has closed Europe’s largest Series A funding round of 2020 by securing $52 million in a round led by Valar Ventures. The large-scale investment will be used to drive Bitpanda’s expansion and position the Vienna-based company as a leader in transforming Europe’s financial industry.

Currently doubling revenue annually with over 1.3 million users, Bitpanda has established itself as Europe’s leading platform for trading digital assets and precious metals. Through its desktop site and mobile apps, users have access to 44 investment assets backed by state-of-the-art technology quickly, easily and securely. In 2020, the company launched payments and savings platforms and will use the new funding to build more innovative ways of trading and investing, thus ensuring digital investing and trading of all asset classes is made available to everyone in Europe.

Eric Demuth, Co-Founder, and CEO of Bitpanda, stated: “This investment from Valar Ventures is a major vote of confidence in Bitpanda and our vision from one of the world’s pre-eminent investors in successful fintech companies. By using industry-leading technology and building innovative financial tools, we’re democratising investing and giving everyone access to the financial markets, no matter their financial means. We are making it possible for everyone to take ownership of their financial future and are providing our customers with financial knowledge and education in the process. Our goal is to become the leading investment and trading platform in Europe, not only for the people who are already familiar with trading but for everyone. This funding will help us do just that and, crucially, continue to recruit some of the world’s leading talent to our team.”