Coinpanion’s Seed Round reaches over 5 Million

Coinpanion, the Austrian start-up for easy entry into the world of crypto investments, increased its seed investment from last autumn (note: 1.8 million euros) to a total of 5.5 million euros – one of the highest seed investments in Austrian start-up history. Coinpanion, a FinTech platform that allows anyone to make money in the cryptocurrency market, was founded in Vienna. Coinpanion eliminates the need for clients to worry about crypto investments. The company is there to help clients through every step of the process, from market entry to ongoing optimization of crypto investments and tax reporting.

Internationally renowned investors are on the board

As part of the second financing round, Coinpanion has three additional internationally renowned investors who joined Coinpanion and are eager to support the Vienna-based FinTech’s expansion. They include an American investor Wicklow Capital an early-stage investor and crypto-custodian,. Ledger, Blockchain.com, NYDIG Crusoe Energy Systems Andreas Kupke, Moritz Thiele, founders of the credit comparison platform Finanzcheck.de as well as the former CMO for crypto exchange platform Bitpanda.com, Michael Pötscher.

Coinpanion was able secure additional support from successful investors in the Austrian start up scene during its seed raising round. These investors included: Busuu Bernhard Niesner (founder), Gerald Resch (Secretary General of the Austrian Banking Association), Johannes Braith Storebox founder), Tractive Michael Hurnaus founder, Wolfgang Reisinger founder, and Lucanus Pololagnoli founder, VC Fund Calm/Storm Ventures founder.

“In recent years, the paradigm shift created by crypto-assets and Web 3.0 technologies has achieved truly mainstream recognition worldwide. Many retail customers still find it difficult to manage and custody their investments in this fast-moving market. Coinpanion offers a straightforward and transparent way to get exposure to the crypto revolution at a risk level everyone is comfortable with, all within a clear product interface that remains fully compliant with the evolving regulatory climate”, Comments Wickflow Capital, their investor.

Florian Gschwandtner, Austria’s most prominent investor and star, is part of the additional funding.Runtastic), Hansi Hansmann (Durchblicker, Playbrush, Shpock, MySugr, among others) and High-Tech Gründerfonds followed up on their previous investment Coinpanion in its further growth and expansion. Alexander Valtingojer (founder and CEO of Coinpanion) says that it is a good investment due to its future plans. 

“The demand for investments beyond the stock exchange is growing rapidly in Europe. We offer easy access to innovative assets like cryptocurrencies, NFTs, or the Metaverse. We want to expand our reach to other countries and further develop Austria. In addition to developments of the app functions, we also want to include more investment opportunities in the existing service in particular,” says Alexander Valtingojer. 

How to easily invest in the crypto revolution

Coinpanion makes it easy and safe for anyone to enter the complex worlds of cryptocurrency. Users* can choose from different smart portfolios, which revolve around innovative technologies such as NFTs, the Metaverse and cryptocurrencies. The company provides all-around worry-free solutions, including automated savings plans, tax reports, and portfolios. Coinpanion says that getting started should take no more than five minutes.

Find out more about Coinpanion coinpanion.com

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