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Thiel's Valar Ventures leads 3rd raise for Bitpanda, at $4.1B valuation

Published 08/17/2021, 05:00 AM
Updated 08/17/2021, 06:40 AM
Thiel's Valar Ventures leads 3rd raise for Bitpanda, at $4.1B valuation

Vienna-based cryptocurrency broker Bitpanda has closed its third major private financing round led by Peter Thiel’s Valar Ventures.

Raising $263 million, and drawing in new investments from British billionaire hedge fund manager Alan Howard and REDO Ventures, the company is now valued at $4.1 billion. That’s three times its last valuation at $1.2 billion for its $170 million raise in March of this year.

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