Austrian investment platform Bitpanda announced that it has raised an additional €10 million as an extension of its Series B funding round.
This extension brings crypto and fintech investors Jump Capital and market makers Winterntermute Trading, to Bitpanda, with participation of LeadBlock Partners to strengthen their institutional offering and position in Europe.
Bitpanda’s strategic incorporation to meet this surging demand comes after a $170 million Series B round in March led by Valar Ventures and DST Global, raising the company’s valuation to $1.2 billion and giving it unicorn status.
Eric Demuth, Co-founder and CEO of Bitpanda said,
“Bitcoin and digital assets have proven that they are here to stay. It has been the best performing asset class of the last decade and now institutional investors want to participate the same way as retail investors.
We are ready to meet this demand, and are fully regulated as a company based in the EU with offices and experts around the continent.”
Featured image: Bitpanda founders: Christian Trummer, Paul Klanschek, Eric Demuth
