Bitpanda, a Vienna, Austria-based fintech company, raised further €10M as an extension of its Series B round.
This comes after a $170M Series B round in March led by Valar Ventures and partners of DST Global — raising the company’s valuation to $1.2bn.
Backers included Jump Capital, Winterntermute Trading, and LeadBlock Partners.
The company intends to use the funds to bring in extensive know-how to strengthen its institutional offering in Europe ranging from referral solutions all the way to custom build comprehensive tech integrations. Services will be integrated into apps and allows users to invest in all assets – whether it’s a fintech, multi-bank, robo advisor, traditional bank or online platform.
Led by Eric Demuth, Co-founder and CEO, Bitpanda is a retail broker for buying and selling cryptocurrencies, precious metals and more used by over 2 million people,