The Viennese crypto investment start-up Coinpanion has increased its seed funding to 5.5 million euros in a second round. Last fall, the company already raised 1.8 million euros from investors. According to the broadcast, a US investor took part in the latest funding round, alongside well-known players in the domestic start-up scene.
This refers to the venture capital firm Wicklow Capital. The founders of the credit comparison platform Finanzcheck.de and the former Chief Marketing Officer of Bitpanda, Michael Pötscher, will also be in attendance.
Runtastic fitness app founder Florian Gschwandtner and investor Hansi Hansmann, who owned shares in Austrian start-ups Durchblicker, Shpock and mySugr, have also increased their investment. Both had already joined in the autumn during the first start-up financing round. The same applies to the then main investor, the German High-Tech Gründerfonds.
expansion plans
According to founder and CEO Alexander Valtingojer, Coinpanion wants to quickly expand to other countries. “In addition to expanding the app features, we want to incorporate further investment opportunities into the existing offering,” says Valtingojer. The fintech offers a platform that should enable an accessible entry into trading with cryptocurrencies. But trading in, for example, NFTs is also made possible.
Seed financing is an early investment in a company that is still in the so-called seed stage, ie the early stage of business development.
Source: Krone
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