Valar Ventures, a venture capital fund, led a $263m Series C funding round in Bitpanda, a crypto exchange, valuing the company at $4.1bn. The round was joined by Alan Howard, REDO Ventures, with existing investors LeadBlock Partners and Jump Capital. The Series C funding will be used for international expansion and growth, per a press release, as well as going on further beefing up headcount, as well as on gearing up for further scaling of the business. “We’ll keep building the team, opening new offices, and launching new products as we design for scale and optimise for growth. This also means strengthening Bitpanda’s position in existing markets — such as in the DACH region, Spain, France, Italy, and Poland, and also enter new markets, such as the UK or the markets in Central and Eastern Europe," Bitpanda spokeswoman.