Peter Thiel’s Valar Ventures leads Bitpanda’s $170 million Series B.

The European cryptocurrency brokerage Bitpanda announced the completion of its Series B funding round, which raised $170 million.

Look, it’s a unicorn. 🦄

In just 6 months after our Series A we:

🔷 Nearly doubled our user-base from 1.3 to 2 million
🔷 Grew the team to over 340 people
🔷 Have become Austria’s first unicorn

Enjoy the read: https://t.co/tf5ebyRJDv

— Bitpanda (@bitpanda) March 16, 2021

The round was led by Valar Ventures, the fund owned by PayPal co-founder Peter Thiel. Partners from the investment firm DST Global also joined.

The company said that over six months they increased the user base from 1.3 million to 2 million, and the team to 340 people. According to Bitpanda, the firm became Austria’s first unicorn with a valuation of $1.2 billion.

Earlier in September, Bitpanda raised $52 million in a Series A funding round. It was also led by Valar Ventures, and the funds were used to expand the staff and develop new products.

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