Austria’s first unicorn now valued at $4.1B after $263M raise, UK expansion plan on cards

Austria’s digital investment platform, the country’s first unicorn, Bitpanda has bagged $263 million (nearly £190 million) in Series C funding, which values it at $4.1 billion (nearly £3 billion). This round has come just months after the company attained unicorn status. It was led by Valar Ventures along with the participation of Alan Howard and REDO Ventures and existing investors LeadBlock Partners and Jump Capital.

Headquartered in Vienna, Bitpanda now has a diverse team of over 500 people who represent over 50 nationalities and physical tech hubs and offices in 8 cities across Europe, including Vienna, Barcelona, Berlin, Krakow, London, Madrid, Milan, and Paris. Recently, it announced the opening of its remote-first Blockchain Research & Development hub, focused on uniting talent around Europe to build state-of-the-art technologies that leverage blockchain for the future, and it plans to open new offices in Europe.

Eric Demuth, Co-Founder & CEO of Bipanda, said: “The future of Bitpanda is being a number one investment platform in Europe for everyone. International expansion and growth are our key priorities: we’ll keep building the team, opening new offices, and launching new products as we design for scale and optimise for growth. This also means strengthening Bitpanda’s position in existing markets – such as in the DACH region, Spain, France, Italy, and Poland, and also entering new markets, such as the UK or the markets in Central and Eastern Europe.”

Bitpanda will use the funds to strengthen its team and design the organisation for scale while doubling down on state-of-the-art technology, international expansion and growth. Also, four key executive hires have joined the team to shape the future growth trajectory of Bitpanda. The new appointees are Lindsay Ross, ex-Adyen and MessageBird, as Chief HR Officer; Irina Scarlat, ex-Revolut and Uber, as Chief Growth Officer; João Luís, ex-Farfetch, as VP of Engineering; and Michael Keskerides, ex-N26, as VP Product.

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