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21bitcoin Raises €2.1M in Funding to Expand Bitcoin Platform and Team

Austria-based bitcoin platform 21bitcoin, co-founded by Dominik Seibold and Daniel Winklhammer, has raised €2.1M in funding led by Volksbank Raiffeisenbank Bayern Mitte eG. The company plans to use the funds to expand its market position, product range, and team. 21bitcoin offers a mobile app for secure buying, selling, and holding of Bitcoin, as well as automated investing, saving, and sending. The company has seen high growth over the past year and is already profitable. Volksbank Raiffeisenbank Bayern Mitte eG sees the investment as a way to complement its own Bitcoin offering and believes 21bitcoin has the potential to revolutionize the industry.