, and Consola Finance, a web3 accounting platform, according to a Bitpanda spokesperson who confirmed the new firm to The Block. Demuth has made angel investments in French fintech Finary and inclusion startup Talking Hands.
The new entity should be characterized as a special purpose vehicle as it allows the founders to make angel investments, the spokesperson said. It shouldn't be described as a venture capital firm as it won't take outside capital, they added. "They started investing as angels, but now the founders have a company that handles these transactions," Jacob Kobler, Consola founder and former crypto product lead at Bitpanda, said in an interview."It's super small and if you Google the name, you will see another venture capital firm with the same name."— but this is not related to the Bitpanda founders' vehicle, the company's spokesperson confirmed.
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