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Schoenherr Advises Bitpanda on Series C Investment Round

Schoenherr Advises Bitpanda on Series C Investment Round

Austria
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Schoenherr has advised Bitpanda on a EUR 224 million Series C investment round led by Valar Ventures that included LeadBlock Partners, Jump Capital, Alan Howard, and Redo Ventures.

According to Schoenherr, the investment “brings the valuation of the Vienna-based crypto-fintech company to around EUR 3.5 billion (USD 4.1 billion), tripling within five months.”

Schoenherr previously advised Bitpanda on its Series A investment round in 2020 (as reported by CEE Legal Matters on October 2, 2020) and Series B investment round in 2021 (as reported by CEE Legal Matters on March 24, 2021).

Bitpanda is an Austrian developer of an online investment platform that helps its clients invest in commission-free stocks, cryptocurrencies, and precious metals, among other things.

Valar Ventures is a New York-based venture firm that with over USD 1.3 billion in assets under management.

Schoenherr’s team consisted of Partner Thomas Kulnigg, Counsel Matthias Pressler, Attorney-at-Law Andreas Lengger, and Associate Dominik Tyrybon.