August 23, 2021

Scalable Capital founder backs crypto wealth app Coinpanion in €1.8m seed round

Coinpanion

Investment raised

EUR 1,8M

Valuation

Stage

Sector

Region

🏆 Deal of the Week · CW 35/2021

Coinpanion raised EUR 1.8M in a Seed Round; the company's valuation was not disclosed. The round was announced in 2021 and recognised as Deal of the Week for KW 35/2021. High-Tech Gründerfonds led the investment.

Coinpanion — key deal facts

Company Coinpanion
Founded 2019
Headquarters Vienna, Austria
Amount raised EUR 1,8M
Valuation Valuation Remains Undisclosed
Round Seed Round
Investors High-Tech Gründerfonds (https://www.htgf.de/en/)
Sectors Crypto

Who invested in Coinpanion?

High-Tech Gründerfonds (HTGF), one of Europe's most active early-stage venture capital investors, backed Coinpanion in this Seed Round. HTGF's participation is notable given its track record of supporting deep-tech and fintech ventures across the DACH region. The investor base reflects early institutional conviction in Coinpanion's approach to democratising crypto access.

What does Coinpanion do?

Coinpanion is a Vienna-based crypto wealth platform founded in 2019 by Alexander Valtingojer and a four-member founding team. The platform allows retail users to participate in the cryptocurrency market without requiring specialised knowledge. Its core products include curated smart portfolios targeting themes such as NFTs and the Metaverse, automated savings plans, and free automated tax reporting. Coinpanion's stated mission is to make the complex crypto market accessible to the general public.

Coinpanion valuation & multiples

Frequently asked questions

How much did Coinpanion raise in its Seed Round?

Coinpanion raised EUR 1.8M in a Seed Round, announced in KW 35/2021.

What is Coinpanion's valuation?

Coinpanion's valuation was not disclosed in connection with this Seed Round.

Who invested in Coinpanion?

High-Tech Gründerfonds (HTGF) invested in Coinpanion's Seed Round.

When was Coinpanion founded and where is it based?

Coinpanion was founded in 2019 and is headquartered in Vienna, Austria.

Source: original announcement — read the full report.

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