As pioneers in the digital assets landscape, Bitpanda and LeadBlock have jointly launched a €50 million fund, LeadBlock Bitpanda Ventures (LBV), to invest in early stage digital assets startups globally, with a focus on Europe. Both leadership teams consider that the industry is at a tipping point.
- The new fund, LeadBlock Bitpanda Ventures (LBV), will focus on seed and pre-listing rounds with ticket sizes ranging from €250k and €2 million.
- The partnership will offer early stage founders access to investors and industry experts.
The previous investment cycle was focused on building a robust, efficient and secure decentralised infrastructure. LBV will focus on the growth drivers underpinning the next crypto cycle: the middleware and application layers, and user-oriented interfaces contributing to Web3’s mainstream adoption. Key verticals include modular technology, TradFi and CeDeFi bridges, on-chain experiences/apps, the intersection of Blockchain/AI.
In this partnership, the LeadBlock team will bring their global network and expertise on all investment and operational aspects . Bitpanda’s leadership team will complement this effort by bringing their knowledge, expansive network, and deep understanding of the European crypto space.
Eric Demuth, founder and CEO of Bitpanda, comments:
“Our objective is to back top-tier global blockchain and digital assets founders. We facilitate this by offering these companies access to our unparalleled network and expertise. As the leading European player, we boast extensive experience, rigorous regulatory compliance, and the largest portfolio of licences across the continent. Navigating the European market can be challenging due to its fragmentation, but we have shown how to scale even in his environment. We eagerly anticipate integrating the startups we invest in into our ecosystem, so that they can use our resources to scale their business.”
LBV will invest in top tier digital assets start-ups, with ticket sizes ranging from €250k and €2 million. The fund will take part in seed and pre-listing rounds and will focus on supporting founders from their first protocol/product build, all the way through their scaling process, and ultimately to token launch and mass adoption.
LBV’s vision is to unlock even greater access to blockchain and digital assets for the next billion adopters – without friction. A core principle of the fund is that blockchain innovation will allow a new paradigm where users are given back ownership and control over their governance and economic rights in the digital world.
David Chreng-Messembourg, Founding Partner of LeadBlock, about the cooperation:
“When I sat down with Paul and Eric, we always praised the value of a specialised VC investor able to financially and operationally support founders early in their journey. With this fund, and our partnership with Bitpanda, we will provide 360 support to founders, from the inception, all the way to product or token launch with our experience and network of strategic partners – liquidity providers, exchanges, security firms, L1/L2 protocols, funds, DAOs, KOLs etc.”
Paul Klanschek, Co-founder and CEO of Bitpanda, adds:
“Together, we’ve got what it takes to boost the growth of European players even more than before. LeadBlock is the top European blockchain and crypto investor, Bitpanda is the most regulated and leading European crypto broker. We will leverage the product and market expertise of Bitpanda and the investment know-how of LeadBlock to help the industry to accelerate its growth.”
About Bitpanda
Bitpanda was founded in Vienna in 2014 and is one of Europe’s leading crypto brokers. With a selection of over 2,800 digital assets, including more than 350 crypto assets and numerous stocks*, ETFs*, precious metals and commodities, the Austrian fintech unicorn offers one of the most comprehensive ranges of digital assets available in Europe.
Already trusted by over 4 million users, and dozens of institutional partners, Bitpanda holds licences in several countries, and has a proven track record of working with local regulators to keep assets safe and secure. This makes Bitpanda one of the safest and most strictly regulated trading platforms in the industry. In addition to its headquarters in Vienna, Bitpanda has offices in Amsterdam, Barcelona, Berlin and Bucharest.
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