Circle launches with $9 Million from Jim Breyer, Accel and General Catalyst in biggest ever bitcoin funding
A new startup has launched in the bitcoin ecosystem, backed by $9m of Series A funding from a number of notable tech investors. Called Circle Internet Financial, or just 'Circle', the company was founded by Jeremy Allaire, co-founder of Allaire Corporation, which created the web development language ColdFusion. Circle aims to drive mainstream adoption of bitcoin and other digital currencies by offering simple payment services for both businesses and consumers. Those who contributed to the $9m in funding include Jim Breyer, Accel Partners and General Catalyst Partners, which were all....
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Today, in a press release, Circle announced: BOSTON, MASS. - March 26, 2014 - Circle Internet Financial, a digital currency company, today announced that it has closed $17 million in Series B financing, bringing its total raise to date to $26 million. For those that remember, back at the end of October, Circle announced the end of their Series A funding, to the tune of $9 million. The funds for Series A came from big names including Breyer Capital, Accel Partners, and General Catalyst Partners. At the time, Circle was still tight lipped about their service, other than the fact that it....
A partner at the $3bn venture capital fund General Catalyst Partners, Hemant Taneja focuses on investing in early-stage technology companies. He is a board member of Stripe and ZenPayroll, among other companies. Last week, GC joined with Breyer Capital and Accel Partners to lead a $17m Series B investment in Circle Internet Financial, a digital currency company with services for both consumers and businesses. General Catalyst had already led a $9m Series A investment in Circle with Accel last fall. CoinDesk caught up with Taneja at CoinSummit in San Francisco to find out more about his....
Bitcoin company Circle Internet Financial has completed a funding round of $50 million with help from banking firm Goldman Sachs and venture group IDG Capital Partners. Circle is also updating its core services to enable the transfer and storage of US dollars, which are insured by the FDIC and not subject to bitcoin’s volatility. These functions run parallel to Circle’s existing infrastructure and expand its scope of financial services. Entrepreneur Jeremy Allaire launched Circle in October 2013 to make bitcoin “as easy to use as Gmail, Skype, and other consumer services on the Internet....
Circle Internet Financial, the company which very few know details about, has reportedly received a $17 million investment in Series B funding. The cash comes from a number of investors that include Breyer Capital, Accel Partners, General Catalyst Partners, Pantera Capital, and Barry Silbert of SecondMarket. Other investors who participated in the round include Circle board member Michele Burns, Leonard Schrank of SWIFT (Society for Worldwide Interbank Financial Telecommunication), and Fenway Summer, a consumer finance advisory with Raj Date at the helm (who's also on the Circle board).....
Circle Internet Financial has closed a $17m Series B funding round and announced the launch of its first consumer product. The bitcoin company raised the $17m from various investors, including Breyer Capital, Accel Partners and General Catalyst Partners, bringing its total funding to date to $26m. Investment was also received from Oak Investment Partners, Pantera Capital and the Bitcoin Opportunity Fund, which is run by Barry Silbert, founder and chief executive officer of SecondMarket and founder of the Bitcoin Investment Trust. Leonard H. Schrank, the former chief executive officer of....