Circle Receives $17 Million Funding, Unveils Exchange and Wallet Service
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....
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Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding. As reported by Fortune, Circle is raising the funds at a valuation of $200m, citing persons with knowledge of the negotiations. A representative for Circle declined to comment. The move, if confirmed, would represent Circle's largest funding effort to date. Circle raised $17m in a Series B round last year, following an earlier $9m in Series A funding from 2013. The funding would raise Circle's total investment to $66m. Circle
Funding Circle, a UK-based Fintech unicorn startup has received £40m from government-owned British Business Bank to directly fund small businesses through its platform, which matches investors with businesses looking to borrow. With an aim to spur and support economic growth, the BBB acts as a financier to small and medium sized businesses. Altogether, the UK government has now invested £100 million on Funding Circle’s platform. The latest investment follows an initial £40 million by the bank in Funding Circle in 2014. Preceding that, the UK government began its investment in Funding....
Circle, the Bitcoin wallet and exchange service provider which has taken aim at Coinbase's market in recent months, has closed a $50 million funding round with investment bank Goldman Sachs in the lead. Goldman Sachs has made statements very positive to Bitcoin in recent months, and so this funding round is no surprise. Last month, the bank released a report that said, "Innovations in network technology and cryptography could change the speed and mechanics of moving money." The same report mentioned Circle as a disruptive force in financial markets, along with Coinbase and others. Last....
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....
The Boston-based bitcoin startup Circle has become the first-known business to receive the New York BitLicense. According to the Circle blog, Circle Financial is now able to service New York residents in compliance with the regulations. Circle, founded two years ago, is backed by heavy investment from Goldman Sachs and others. Circle is now moving into....