The beginning of the year marked a big milestone moment for us: Bitpanda gained unicorn status, becoming the first Austrian company to surpass the billion-dollar valuation mark. It took us seven years to go from 0 to … $4.1B. Yes, you read that right! I am thrilled to announce today that we’re now valued at $4.1B, following a $263M Series C investment round.
Looking back, it’s been an incredible journey. We started Bitpanda in 2014 as a crypto-trading company. Since then, we’ve grown into a well-rounded investment platform that gives everyone the freedom and flexibility to invest in what they believe in; commission-free fractional stocks*, cryptocurrencies or precious metals – with any amount of money.
With 3 million users, we’re proud to now be one of the fastest-growing fintechs in Europe. And this is just the beginning!
The people behind the numbers
As a tech company, we’re big fans of numbers. But, no matter how impressive these might sound, numbers only tell a part of the story. The other, more important part, is the people behind the numbers.
We wouldn’t be here today without the efforts of our talented team members who are constantly “rolling up their sleeves” to make things happen. I am grateful to share our journey with these incredible folks – our Bitpanda team of more than 500 people with a diverse mix of 50 nationalities. They are the engine fuelling our growth and I am thankful to each and every one of them for being part of this journey.
I’m also grateful for the vote of confidence received from our investors, old and new. Our Series C investment round was led by Valar Ventures, with the participation of Alan Howard and REDO Ventures, as well as existing investors LeadBlock Partners and Jump Capital. We’re lucky to have them onboard and we look forward to working together. They bring onboard much more than money – their expertise and advice is incredibly valuable as we shape the future of investment, together.
Last, but definitely not least, I’d like to thank each and every one of our 3 million users. You are at the core of everything we do at Bitpanda and it’s your constant feedback and active involvement in our community that shapes our products, features and growth strategies. Thank you for your trust!
What’s next? Design for scale, optimise for growth
No matter how “cool” it looks from the outside, growing at such a pace is not an easy thing to do. It sometimes feels like you’re building a rocketship while simultaneously flying it. And there really is only a special category of people that are truly comfortable doing this. This is the reason why we’re going to focus on strengthening our team by bringing the right talent onboard as we continue shaping our company for scale.
We’ve already taken the first steps with four incredible people recently joining our leadership team: Lindsay Ross, CHRO (ex-Adyen and MessageBird), Irina Scarlat, CGO (ex-Revolut and Uber), João Luis, VP Engineering (ex-Farfetch), and Michael Keskerides, VP Product (ex-N26).
We now have physical talent hubs and offices in 8 cities across Europe, as well as a remote-first Blockchain Research & Development Hub, where we bring together talent around Europe to build state-of-the-art technologies that leverage blockchain for the future.
And we’re not stopping here! International expansion and growth are our key priorities: we’ll keep building the team, opening new offices and launching new markets and products as we design for scale and optimise for growth. And guess what? Our rocketship is getting bigger and we’re on the lookout for those fast-moving, talented, “roll-up-your-sleeves-and-make-it-happen” kind of people who want to build it with us. If you’re someone who thinks big, moves fast and wants to make an impact right from day one, check out our openings here. We’d love to have you onboard for an amazing journey ahead. Let’s go!
Hypergrowth mode ON!
Eric Demuth, Co-Founder & Co-CEO, Bitpanda
*Bitpanda Stocks enables investing in fractional stocks. Fractional stocks in Europe are always enabled via a contract which replicates the underlying stock or ETF (financial instruments pursuant to section 1 item 7 lit. d WAG 2018). Investing in stocks and ETFs carries risks. For more details see the prospectus and PRIIPs KIDs at bitpanda.com.
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Author: Eric Demuth