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Bitpanda Triples Its Valuation to $4.1 Billion

On Tuesday, Austrian crypto exchange Bitpanda. It announced that it had closed a Series C funding round of $263 million. The round was led by Valar Ventures, the founder of PayPal Peter Thiel, and valued the company at $4.1 billion. In March, Bitpanda closed a $170 million Series B funding round, valuing the company at $1.2 billion. This capital will be used to double the technology and drive growth overseas.

Bitpanda is currently Austria’s first tech unicorn with over 3 million users in 8 European countries and plans to expand into more countries this year.

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