Crypto market firms pour another €10 million into Bitpanda

Bitpanda, the Vienna-based crypto exchange and neo-broker, has topped up its recent $170 million Series B fundraise with another €10 million (roughly $12 million).

Jump Capital and Wintermute Trading have invested in the company, alongside the venture capital firm LeadBlock Partners. In March, Bitpanda raised $170 million in a Series B raise led by Peter Thiel’s investment firm Valar Ventures. 

In a press release, Bitpanda said the extension would strengthen its institutional offering, allowing it to expand into new markets with new products in 2021.

“This is all about getting extensive know-how to strengthen Bitpanda’s institutional offering in Europe ranging from referral solutions all the way to custom build comprehensive tech integrations,” said a spokesperson for Bitpanda.

None of the new investors have joined Bitpanda’s board and the company’s co-founders Eric Demuth, Paul Klanschek and Christian Trummer will maintain a majority shareholding.

Launched in 2014 as a crypto-only investment platform, which later added precious metal investments, Bitpanda recently began offering stock trading for the first time. The company has upwards of two million users.