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Coinpanion raises seed round to over €5m

Coinpanion, an Austrian start-up for easy entry into the world of crypto investments, has increased its €1.8 million seed investment from last autumn to a total of €5.5 million making it one of the largest seed investments in Austrian start-up history.

Founded in Vienna, the FinTech platform Coinpanion enables anyone to profit from the cryptocurrency market without requiring in-depth knowledge. 

No less than three other internationally renowned investors are joining Coinpanion as part of the follow-up financing round, and want to support the Vienna-based FinTech in its further expansion. They include US investor Wicklow Capital, early-stage investor in crypto-custodians Ledger, Blockchain.com, NYDIG and Crusoe Energy Systems; Andreas Kupke and Moritz Thiele, the founders of credit comparison platform Finanzcheck.de; as well as the former CMO of crypto exchange platform Bitpanda.com, Michael Pötscher.

During the seed raising round, Coinpanion was able to secure further support of successful investors from the Austrian start-up scene. Among these, Busuu founder Bernhard Niesner, Gerald Resch (Secretary General of the Austrian Banking Association), Johannes Braith (Storebox founder), Tractive founders Michael Hurnaus and Wolfgang Reisinger, as well as Lucanus Polagnoli, founder of VC Fund Calm/Storm Ventures.

As part of the additional financing, existing investors, and superstars of the Austrian investor scene, Florian Gschwandtner (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. 

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