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

The crypto exchange company Bitpanda announces on Tuesday that it has closed the Series C funding round. The funding round was led by Peter Thiel’s Valar Ventures.

Peter Thiel’s Valar Ventures values the company at $4.1 billion. Bitpanda raises $263M after being valued at $4.1 Billion in Series C funding round.

In March company raises $170 million in a Series B round which valued the firm at $1.2 billion. This made Bitpanda Austria’s first-ever tech unicorn.

“I’m also grateful for the vote of confidence received from our investors, old and new. Our Series C investment round was led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital.”

“We’re lucky to have them onboard and we look forward to working together. They bring onboard much more than money – their expertise and advice is incredibly valuable as we shape the future of investment, together,” says Eric Demuth, the Co-founder and CEO of Bitpanda.