Neobroker Bitpanda raises $170M at a $1.2B valuation to take its trading platform beyond crypto

19 Mar, 2021

Neobroker Bitpanda raises $170M at a $1.2B valuation to take its trading platform beyond crypto
Photo by Mikel Parera on Unsplash

– Bitpanda, a “neobroker” that wants to make it easier for ordinary people to invest not just in bitcoin and other digital assets, but also gold, and any established stock that takes their interest, has picked up $170m funding.
– Bitpanda is based in Vienna, Austria and says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.
– The round is being led by Valar Ventures — the fund backed by Peter Thiel — with participation also from DST Global (Yuri Milner’s fund).
– Bitpanda says that this equity round makes it the country’s first “unicorn” — the first startup to pass the $1 billion valuation mark.

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