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Schoenherr Advises Bitpanda on Series A Financing Round

Schoenherr Advises Bitpanda on Series A Financing Round

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Schoenherr has advised Austrian fintech Bitpanda on a European Series A financing round, led by Valar Ventures, and including other fintech investors such as Speedinvest. The funding secures USD 52 million to further drive Bitpanda's expansion.

Schoenherr describes Bitpanda, which was founded in 2014, as "a leading European neobroker on a mission to democratize the complex world of investing." According to the firm, "Bitpanda removes complicated financial barriers by harnessing the innovative power of digitized 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 with over USD 1.3 billion in assets under management. As part of the investment, one of Valar Ventures' founding partners, Andrew McCormack, will join Bitpanda's board.

Speedinvest is a European venture capital fund with more than EUR 400 million in assets under management and more than 40 investment professionals working across Europe and the United States.

Schoenherr’s team included Partner Thomas Kulnigg and Associates Maximilian Nutz, Andreas Lengger, and Dominik Tyrybon.

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