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 unicornEnjoy 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.
Subscribe to ForkLog news on Telegram: ForkLog Feed — the full news feed, ForkLog — the most important news and polls.