The Linz-based startup Blockpit GmbH, specializing in control software for crypto investors, has concluded a Series A investment round in the amount of USD 10 million. The capital raised will be used primarily to further accelerate the company’s Europe-wide growth. Blockpit’s medium-term target is to operate in all European markets.

The venture capital firm MiddleGame Ventures acted as the lead investor in the Series A round. The other participants were Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures and Blockpit’s existing investor Venionaire (European Superangels Club).

Binder Grösswang regularly advises the innovative, rapidly growing startup, which is already considered the market leader in its segment. Most recently, Binder Grösswang advised Blockpit on the takeover of Cryptotax (21 Consulting GmbH), a competitor operating in the German market, by way of a share swap.

The Binder Grösswang team for the Series A financing round was led by Christian Zwick (partner, corporate/M&A) and included Hermann Beurle (senior associate, corporate/M&A), Stefan Frank (counsel, regulatory law), Johannes Bammer (senior associate, employment law), Michael Mittermair (associate, corporate/M&A) and Alexander Scharkosi (associate, corporate/M&A).

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