Coinpanion
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
Coinpanion was a Vienna-based crypto investing platform founded in 2019 by Alexander Valtingojer, Matthias Zandanel, Saad J. Wohlgenannt, and Aaron Penn. It enabled anyone to profit from crypto markets without deep knowledge: users chose smart portfolios (e.g., NFTs, Metaverse, cryptocurrencies), with AI-driven risk-parity rebalancing, automated savings plans, and free tax reports - getting started took less than five minutes.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Coinpanion was co-founded in Vienna in 2019, entering private beta in summer 2020 with a team of 18.
- Seed round
Raised a EUR 1.8 million seed round in September 2021 led by Germany's High-Tech Grunderfonds, with angels including Florian Gschwandtner and Hansi Hansmann.
- Seed expansion
Grew the seed round to EUR 5.5 million - one of the largest seed rounds in Austrian startup history - with Wicklow Capital (US) and additional angels joining.
- Merger into Altify
In December 2023, Coinpanion merged with South Africa's Revix and BitFund to form the alternative investment platform Altify, unifying 80,000+ customers and over $250 million in deposits; Coinpanion's team became Altify's European operations and founder Alexander Valtingojer its Chief Strategy Officer.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Founded in 2019; raised approximately $6.52 million in total (reports cite about €5.5 million, roughly $6.5 million, in seed funding).
- 02
In December 2023 it merged with South Africa's Revix and BitFund to form the alternative-investment platform Altify, uniting more than 80,000 customers and over $250 million in deposits; the team joined Altify's European business and founder Alexander Valtingojer became chief strategy officer.
- 03
No audited loss figure was publicly disclosed.