Bitpanda Revenue, Valuation, Funding & Investors
Bitpanda is valued at $4.1B as of August 2021.
Last Bitpanda valuation
$4.1B
Series C · Aug 2021
Last Bitpanda funding round
$263M
Series C · Aug 2021
Bitpanda revenue
$427M
Series B · Mar 2021
Key investors in Bitpanda
Valar Ventures
Jump Capital
Speedinvest
DST Global
Hedosophia
Aerion Partners
About Bitpanda
Bitpanda is a Vienna-based digital asset platform founded in 2014 that allows trading of over 600 cryptocurrencies, fractional stocks from NYSE and NASDAQ, and precious metals like gold and silver. Regulated under MiFID II, it serves more than three million users across Europe with 24/7 mobile trading and staking rewards.
Founded
2014
HQ
ViennaWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Revenue
$427M (Mar 2021)
Valuation
$4.1B (Aug 2021)
Bitpanda Valuation
Bitpanda is currently valued at $4.1B, based on its Series C in August 2021.
The $263M round was led by Valar Ventures, with participation from Jump Capital, Alan Howard and REDO Ventures.
Bitpanda's valuation has grown 3.4x from $1.2B at its Series B in March 2021 to $4.1B in August 2021, across 2 priced rounds.
Bitpanda valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Aug 2021 | Series C | $4.1B | - |
| Mar 2021 | Series B | $1.2B | 2.8x |
Bitpanda Revenue
Bitpanda's latest recorded revenue is $427M, as of its Series B in March 2021. At a $1.2B valuation, that implies a 2.8x revenue multiple.
Bitpanda revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2021 | $427M | $1.2B | 2.8x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Bitpanda Funding History
Bitpanda has raised a total of $553M across 6 funding rounds.
Bitpanda's first fundraising round was a $48M ico round in August 2019. The most recent completed round was a $263M Series C in August 2021.
Bitpanda funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series C | Valar Ventures (lead); Jump Capital; Alan Howard; REDO Ventures | $263M | $4.1B | Recent 2025 financials show Bitpanda reporting adjusted revenue of €371 million, up 16% from 2024's €321 million, alongside user growth to 7.4 million registered users and expansion into B2B white-label services with 16 institutional partners. The company secured MiCA licensing across the EU, UK crypto licenses, and UAE broker-dealer approval, positioning it as a regulated multi-asset platform beyond retail crypto trading. Profitability declined in 2025 with adjusted EBITDA at €13 million versus €52 million prior, attributed to pre-IPO investments in growth, product development, and international expansion into Latin America and Asia-Pacific. Reported revenue reached €7.7 billion for the year with EBITDA at €21 million, highlighting scale amid competitive pressures in the post-FTX crypto landscape. |
| May 2021 | Series B | Wintermute Ventures; Jump Capital; LeadBlock Partners; Aerion Partners | $12M | - | - |
| Mar 2021 | Series B | Valar Ventures (lead); DST Global | $170M | $1.2B | Bitpanda, an Austrian digital asset neobroker founded in 2014 by co-CEOs Eric Demuth and Paul Klanschek along with CTO Christian Trummer, provides a platform for users to easily buy, sell, and store cryptocurrencies, stocks, ETFs, and precious metals. The Vienna-based company reached unicorn status with its $170 million Series B funding round on March 16, 2021, led by Valar Ventures with participation from partners of DST Global, valuing the company at $1.2 billion post-money. This round more than tripled the size of Bitpanda's prior $52 million Series A in September 2020, also led by Valar Ventures. The funding will support expansion into additional European markets including hubs in Madrid, Barcelona, London, Paris, and Berlin, where it already operates in countries like France, Spain, Turkey, Italy, and Poland. New features such as ETFs, fractional stock trades, and more investment options were planned for rollout soon after. At the time, Bitpanda had grown to over two million registered users across its Bitpanda and Bitpanda Pro platforms, adding 700,000 users since the Series A. KPIs including revenue and customer numbers had increased roughly 10x in the interim, reflecting skyrocketing growth amid heightened interest in personal finance and crypto during the pandemic. Valar Ventures partner James Fitzgerald highlighted Bitpanda's broad offerings and commitment to demystifying investing for retail users. The round positioned Bitpanda as Austria's first fintech unicorn and a key player in the neobroker space alongside peers like Robinhood. A subsequent Series C in August 2021 raised $263 million at a $4.1 billion valuation, tripling the prior mark and bringing total funding to around $546 million. |
| Sep 2020 | Series A | Hedosophia (lead); Valar Ventures (lead); Speedinvest | $52M | - | Bitpanda, a Vienna-based cryptocurrency brokerage and investment platform founded in 2014 or 2015 by Eric Demuth, Paul Klanschek, and Christian Trummer, completed a $52 million Series A funding round on September 29, 2020, led by Valar Ventures with participation from Hedosophia, Speedinvest, and SeedInvest. The platform enables trading in cryptocurrencies, tokenized precious metals, and later expansions into other assets, serving users across approximately 34 countries with a focus on European markets like France, Spain, and Turkey. At the time, Bitpanda reported over 1.3 million users, around 240-300 employees, and facilitated roughly $2 million in daily trading volume on Bitpanda Pro, with total volume exceeding $1 billion in 2019. Proceeds from the round were allocated to scaling operations to 300 employees, developing new products including DeFi markets, and supporting international expansion in Q4 2020 and beyond. Valar Ventures' Andrew McCormack joined Bitpanda's board, bringing experience from PayPal's early days. The company positioned itself as a bridge between traditional and crypto assets, competing with centralized exchanges like Coinbase and platforms like eToro or Revolut that were adding crypto offerings. This Series A marked Europe's largest of 2020 and brought Bitpanda's total funding to around $100 million including prior seed and initial exchange offering rounds. Later rounds included a Series B in March 2021 at $1.2 billion valuation and Series C in August 2021 raising $263 million at $4.1 billion post-money valuation led by Valar Ventures with new investors like Alan Howard and REDO Ventures, tripling the prior valuation amid growth to 3 million users. |
| Apr 2020 | Series B | Klover Capital (lead) | $8M | - | - |
| Aug 2019 | ICO | - | $48M | - | - |
Who has invested in Bitpanda?
11 investors have backed Bitpanda across its funding rounds, including Valar Ventures, Jump Capital, Speedinvest, DST Global, Hedosophia and Aerion Partners.
Lead investors include Valar Ventures, Hedosophia and Klover Capital.
Bitpanda Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 New York City, NY | 3 | Lead | Sep 2020 | |
| Chicago, IL | 2 | Participant | May 2021 | |
 London | 1 | Participant | May 2021 | |
| London | 1 | Participant | May 2021 | |
 Hong Kong | 1 | Lead | Apr 2020 | |
| Vienna | 1 | Participant | Sep 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Alan Howard | London | 1 | Participant | Aug 2021 |
| West New York, NJ | 1 | Participant | Aug 2021 | |
| London | 1 | Participant | May 2021 | |
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Start Free TrialAcquisitions by Bitpanda
Bitpanda has acquired 1 company to date.
Last acquisition by Bitpanda was on February 22nd 2022. Bitpanda acquired Trustology for $250M.
Latest Acquisitions by Bitpanda
| Description | Trustology is a London-based digital asset security firm developing TrustVault for institutional custody of cryptocurrencies. The platform uses hardware security modules in Tier IV data centers for private key storage, supporting low-latency trading on exchanges like Binance and Coinbase. Trustology serves hedge funds and family offices with multi-signature wallets and insured cold storage, compliant with SOC 2 standards and operational since 2021. |
| HQ Country | |
| HQ City | London |
| Deal Date | 22 Feb 2022 |
| Valuation | $250M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Bitpanda acquisitions and their M&A valuation multiples. Start Free Trial | |
Investments by Bitpanda
Bitpanda has invested in 3 companies to date.
Latest investment by Bitpanda was on May 16th 2023. Bitpanda invested in Bitpanda.ai in their $10M Strategic investment round.
Latest Investments by Bitpanda
| Description | Bitpanda.ai is a Vienna-headquartered AI platform developing investment tools and analytics for cryptocurrency portfolios. It integrates machine learning models for predictive trading signals and personalized asset recommendations. | Kryptview is a research platform for digital assets headquartered in London. Its Research Wizard collects structured data on project teams, tokenomics, community metrics from Discord and Telegram, and competitive landscapes. Proprietary frameworks score investments on 50 parameters, powering contributor dashboards. Launched in 2022, it aggregates insights from 5,000+ assets across Solana and Base chains. | Treehouse is a cryptocurrency portfolio tracker offering Hyperion, a toolset for real-time analytics, tax reporting, and trade execution across 10,000+ assets on exchanges like Binance and Coinbase. Headquartered in Singapore, it integrates with wallets including MetaMask and Ledger for institutional-grade market intelligence. |
| HQ Country | |  |  |
| HQ City | Vienna | Paris | Singapore |
| Deal Date | 16 May 2023 | 4 Apr 2023 | 16 Mar 2022 |
| Round | Strategic investment | Pre-seed | Seed |
| Raised | $10M | $2M | $18M |
| Investors | - | GSR; Serafund; KuCoin | Caladan; Berioza Associates; LeadBlock Partners; Bybit; CoinHako; Global Founders Capital; Do Kwon; Lightspeed Venture Partners; Binance; Hedosophia; CRC Capital |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Bitpanda Competitors
Bitpanda competitors include listed companies like Bullish and Sharplink, and private ones like Anchorage Digital, Yuga Labs, Sorare and BlockFi.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $85M | - | $4.2B | 49.4x | |
| Miami, FL | Private | - | - | $4B | - | |
| Paris | Private | $150M | - | $4.3B | 28.7x | |
| Jersey City, NJ | Private | $50M | - | $4.5B | 90.0x | |
| United States | Publicly listed | $245B | ($727M) | $5.3B | 13.5x | |
| United States | Publicly listed | $28M | ($734M) | $1.8B | 39.9x |
Bitpanda Public Comps
Bitpanda is still privately-owned, but its public comps include Galaxy Digital, Hyperliquid Strategies, Bullish, Sharplink, Securitize, OSL Group, HashKey Holdings, BitGo Holdings, Indokripto Koin Semesta and Rhino Bitcoin.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $60B | ($177M) | 0.1x | 0.2x | (43.3x) | (182.6x) | |||
| $9M | - | 308.0x | 162.2x | - | - | |||
| $245B | ($727M) | 0.0x | 13.5x | (6.3x) | 38.2x | |||
| $28M | ($734M) | 61.9x | 39.9x | (2.4x) | 141.1x | |||
| $62M | ($34M) | 25.5x | 22.2x | (46.0x) | (37910.8x) | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
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Common questions about Bitpanda
| When was Bitpanda founded? | Bitpanda was founded in 2014. |
| Where is Bitpanda headquartered? | Bitpanda is headquartered in Vienna, Austria. |
| Is Bitpanda publicly listed? | No, Bitpanda is a private, VC-backed company. |
| What is Bitpanda's valuation? | Bitpanda was last valued at $4.1B in its Series C in August 2021. |
| How much funding has Bitpanda raised? | Bitpanda has raised $553M across 6 funding rounds. |
| What was Bitpanda's last funding round? | Bitpanda's last funding round was a $263M Series C in August 2021, led by Valar Ventures. |
| Who are Bitpanda's investors? | Bitpanda's investors include Valar Ventures, Jump Capital, Wintermute Ventures, LeadBlock Partners, Klover Capital, Speedinvest, Alan Howard, REDO Ventures, Aerion Partners, Hedosophia and 1 other. |
| What is Bitpanda's revenue? | Bitpanda's latest recorded revenue is $427M (March 2021). |
| What is Bitpanda's revenue multiple? | Bitpanda's latest valuation implies a 2.8x revenue multiple ($1.2B valuation on $427M of revenue). |
| Which companies are comparable to Bitpanda? | Companies comparable to Bitpanda include Anchorage Digital, Yuga Labs, Sorare, BlockFi, Bullish and Sharplink. |
| How many companies has Bitpanda acquired? | Bitpanda has acquired 1 company, including Trustology. |
| What was the largest acquisition by Bitpanda? | The $250M acquisition of Trustology in February 2022 is the largest acquisition Bitpanda has made to date. |
| How many companies has Bitpanda invested in? | Bitpanda has invested in 3 companies, including Bitpanda.ai, Kryptview and Treehouse. |
| What was Bitpanda's last investment? | In May 2023, Bitpanda invested in Bitpanda.ai's $10M strategic investment round. |
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