Bitpanda was founded in 2014: Austrian crypto company valued at a good one billion euros
5:18 p.m., March 16, 2021
The Viennese company Bitpanda got an investment of 170 million euros, with which the cryptocurrency company now has a valuation of over one billion euros, reports “standard.at” The investment round will be led by Valar Ventures around the German-American tech billionaire Peter Thiel, DST Global is also there. The financing was signed last week and is in the approval process of the Financial Market Authority.
“Private investors will soon have access to an even larger selection of digital assets and we want to bring our offer to further new markets,” said Bitpanda managing director Eric Demuth about the “standard”. In addition to crypto assets, precious metals such as gold and silver have also been traded on the platform since 2019. In mid-February, Bitpanda got the license as a securities dealer. From April it should be possible to invest in shares and ETFs.
Bitpanda was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. The company currently employs more than 350 people from 50 nations. Recently they expanded their business to France, Spain and Turkey, Italy and Poland. New branches are to be opened in Berlin, London, Paris, Madrid and also Barcelona and further new markets are to be opened up with the fresh money, according to the “Standard” report.