Bitpanda closes $263 million Series C at $4.1 billion valuation

European cryptocurrency brokerage Bitpanda closed its Series C round, raising $263 million.

Hypergrowth mode ON! We’re thrilled to announce that we’re now valued at $4.1B following a $263M investment round led by Valar Ventures.

We’ll keep building the team, opening new offices, launching new markets and products.https://t.co/nyU6p0YLvX

— Bitpanda (@bitpanda) August 17, 2021

The round was led by Valar Ventures, the fund of PayPal co-founder Peter Thiel. It was joined by billionaire Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital.

Bitpanda’s valuation rose to $4.1 billion. The funds will be used to drive international expansion and scale the business.

Earlier Bitpanda raised $52 million, which it used to expand its workforce and develop new products.

Back in March 2021, the brokerage closed a $170 million funding round, led by Valar Ventures.

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