Bitcoin Startup Circle Seeking $40 Million in New Funding, Report Says
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
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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....
Blockchain-based payments app Circle has raised $60m in new funding from China-based investors, an announcement that coincides with its unveiling of a dedicated domestic subsidiary, Circle China. The Series D funding was led by Beijing-based investment firm IDG Capital, with Breyer Capital, General Catalyst Partners, SilverLake co-founder Glenn Hutchins and former IBM CEO Sam Palmisano contributing funding. Circle also added new strategic partners in the region including Baidu, CICC Alpha, China EverBright Investments, Fenbushi Capital and CreditEase. In interview, Circle co-founders Sean....
Circle, the bitcoin blockchain-centric peer-to-peer payments firm, has raised $60 million in a new funding run from investors in China and has revealed the formation of ‘Circle China,’ based out of Beijing. Blockchain-based payments company Circle has announced a new series round of funding which sees $60 million raised from what the company calls a “syndicate of major Chinese strategic investors.” Led by Beijing-based venture capital firm IDG Capital Partners, the funding round includes global venture capital and private equity firm Breyer Capital. The two firms have notably partnered in....
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....
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....