Coinpanion has landed €1.8 million seed funding from renowned investors in Germany and Austria. Founded in 2019, Coinpanion enables everyone, without any prior cryptocurrency experience, to benefit automatically from the cryptocurrency market, and is already managing several million euros in cryptocurrency investments for its customers.
The lead investor in the seed round is the German High-Tech Gründerfonds (HTGF), one of the most active venture capital funds in the European market. Patrick Pöschl, co-founder of the Munich-based robo-advisor Scalable Capital, which is now valued as a unicorn (over €1 billion valuation), and Christopher Oster, co-founder and CEO of the insurance manager CLARK, are also investing. In addition, Florian Gschwandtner, co-founder of the fitness app Runtastic and investor on Austria’s startup TV show “2 minutes 2 millions”, Austria’s most famous startup investor Johann “Hansi” Hansmann, who has accompanied Austria’s largest start-up exits (including Runtastic, Shpock and mySugr), as well as lead investor of the pre-seed round Frank Westermann, co-founder of the diabetes app mySugr, are joining the round.
Bitcoin and Ethereum have been on everyone’s lips for quite some time, while many people still don’t really know what to make out of terms like Cardano, Chainlink or EOS. This is exactly where Coinpanion jumps in. “Our goal is to simplify access to the cryptocurrency market for everyone. We are thrilled that we were able to convince some of the most successful entrepreneurs and investors in Germany and Austria of our vision,” explained Alexander Valtingojer, co-founder and CEO of Coinpanion.
Now with a €1.8 million investment under their belt, the team has big plans for more growth. “We want to further expand our strong user growth. We also plan to grow from 18 to 50 employees within a year,” said Valtingojer.
Kilian von Berlichingen, Investment Manager at lead investor High-Tech Gründerfonds, explains their reasoning for this investment: “With Coinpanion, we finally have a start-up that is democratizing the non-transparent cryptocurrency market. Now anyone can become a crypto investor without any prior knowledge!”
Coinpanion offers a seamless and secure entry point into the complex world of crypto currencies. Users can choose from a range of smart portfolios with different risk levels that contain carefully pre-selected cryptocurrencies. Coinpanion automatically manages the cryptocurrency investment and offers the option of setting up savings plans. With the Coinpanion app and online access, users always have an overview of their investment. Each portfolio is protected with state-of-the-art security standards, and all cryptocurrencies are insured.