Bitpanda attracted $263 million in the next round of financing – Bits Media

Austrian cryptocurrency investment platform Bitpanda reports completion of Series C funding round, during which the $263 million. The company's capitalization has reached $4.1 billion.

Venture firm Valar leads Series C funding round Ventures under the leadership of Peter Til (Peter Thiel). The funds were also invested by the Alan Howard Foundation (Alan Howard) and Redo Ventures Company, And Leadblock Partners and Jump Capital have increased their investments in Bitpanda.

Recall, what's in september 2020 the company received $52 million. Five months ago, Bitpanda completed the round financing of the series B, in which it attracted $170 million. Yesterday, 17 August, The company reported on Twitter, What attracted $263 million, And its capitalization has reached $4.1 billion.

Co -founder and general director of Bitpanda Eric Demut (Eric Demuth) stressed, that the company is profitable and does not need additional financing. The funds received during the investment round will go to the development of the platform and advertising the brand to attract customers and talented employees.

“We would not reach today's position without our talented team, which is constantly working for the sleeves. We are very happy to divide the success with our team, and even more so strengthen it with new employees, world class specialists ", - emphasized Demut.

Note, that in the first half of the year 2021 year venture companies significantly increased investments in the cryptocurrency industry. In the first six months 2021 years of investment twice the indicators for all previous years.