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18 August 2021
press release
austria

Austria: Schoenherr advises Bitpanda on Austria's largest scale-up financing round

Schoenherr provided legal advice to Bitpanda on the largest scale-up financing round in Austria to date.

The investment of around EUR 224m brings the valuation of the Vienna-based crypto-fintech company to around EUR 3.5bln (USD 4.1bln), tripling within five months. The Series C funding round was led by Valar Ventures (Peter Thiel), with LeadBlock Partners, Jump Capital, Alan Howard, and REDO Ventures as the other investors.

"We are happy to support this fresh Unicorn again, and already in its next financing round! This is yet another highlight in the Austrian start-up/venture capital scene," said Schoenherr partner Thomas Kulnigg, who also advised Bitpanda in its previous Series A and Series B financing rounds. "Congratulations to the entire Bitpanda team!"

Bitpanda is a leading European neobroker on a mission to democratise the complex world of investing. Founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer, the company is a firm believer in transparency and making it as easy as possible for everyone to start investing. Bitpanda removes complicated financial barriers by harnessing the innovative power of digitised assets and blockchain technology. With low fees, 24/7 trading and real time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.
 
Valar Ventures is a New York-based venture firm that is known for its breakout fintech investments including TransferWise, N26, Stash, BlockFi, Xero, TaxFix, Octane and Qonto. The company manages over USD 1.3bln in assets under management (AUM). 

The Schoenherr team was led by Thomas Kulnigg (partner) and also included Andreas Lengger (attorney at law), Dominik Tyrybon (associate) and Matthias Pressler (counsel).

Bitpanda's in-house legal team was headed by Oliver Stauber (Chief Legal Officer) and Fabian Reinisch (Head of Legal).

Thomas
Kulnigg

Partner

austria vienna

further team members
press contact

Jasmine
Schuster

PR & Marketing

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