On Tuesday, Austrian cryptocurrency broker Bitpanda said it raised $ 263 million at a $ 4.1 billion valuation due to a round of financing for a venture capital company founded by billionaire Peter Thiel.
The broker's assessment has tripled compared to March. At that time, the broker raised only $ 170 million at a valuation of 1.2 billion. British hedge fund manager Alan Howard, RADIO Ventures, LeadBlock Partners, and Jump Capital also invested in the current round.
Since the time when the volatility of cryptocurrencies increased, they began to be mastered by larger companies. This surge raised the valuation of another cryptocurrency exchange Coinbase to $ 112 billion during their debut in April.
Eric Demuth, CEO of Bitpanda, said that there are not many good companies in which investors are willing to invest their money.
Itpanda currently has 3 million users and is represented in eight European countries. This year, it plans to actively expand in other countries. Its platform offers users a flexible investment option – these are fractional shares, precious metals, and cryptocurrencies. Investments can start from $ 1.
According to Demuth, the company is not yet planning to issue its shares on the stock exchange. But one day, it will prefer the direct listing path like RobinHood and Coinbase.
