Barely four months after Bitpanda secured $170 million in Series B funding, the digital investment platform has completed a series C funding, securing an additional $2603 million in the process.
The latest funding round is led by Peter theil’s Valar Ventures. Other participating ventures include Jump Capital, LeadBlock Partners, and REDO Ventures. Following the Series C funding round, the company is now worth an astonishing $4.1 billion.
Massive growth for Bitpander
Trading and exchange platforms in the U.S. are experiencing a good level of growth. But BitPanda’s Europe-focused approach seems to be yielding better results for the fintech company.
The company has physical hubs and offices in eight cities across the region, including Paris, Milan, Madrid, London, Krakow, Berlin, Barcelona, and Vienna.
Bitpanda also has an exciting offer for its clients, allowing them to invest in precious metals commission-free. It also provides free resources for individuals looking to enter the cryptocurrency space.
The company, in its official announcement, mentioned that it has witnessed impressive growth in the last few years.
Bitpanda was launched in 2014 with headquarters in Vienna. The firm provides trading services in different financial assets including commodities and digital currencies. The platform says it now has more than 3 million users.
Chief Executive Officer of Bitpanda, Eric Demuth, commented on the achievement. He stated that successful funding was possible due to the efforts of the company’s talented team members. “I am grateful to share our journey with these incredible folks”, he added.
Bitplander Plans More expansion
Bitpanda has intensified efforts to expand its operations. Last month, the firm added Irina Nicoleta Scarlat to its management team as its Chief Growth Officer. And with the latest funding, the digital investment firm will hope to expand its operations to more cities in Europe and other regions.
Scarlat stated that one of the company’s main goals is international expansion. He reiterated that Bitpanda is committed to launching new markets, opening new offices, and building the team to optimize for growth.