Circle Raises $60m, Expands to China on Global Ambitions

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....

Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round. The Boston-based company drew support from Goldman Sachs and China-based IDG Capital Partners, as well as all of Circle's pool of existing investors, including Breyer Capital, General Catalyst Partners and Accel Partners. Tom Jessop, managing director at Goldman Sachs' Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that "have the promise to transform global markets through technical innovation." Jessop added: "We think that Circle's product vision....

Circle China to start operations in the Chinese market after raising over $60 million in investments from a group of leading investment firms in the region. Circle, the blockchain based payments company, is now eyeing China. The US company, which had recently partnered with the United Kingdom-based banking major Barclays, today announced that it has raised over $60 million in funding as part of the strategic investment to create ‘Circle China’, its new regional identity. The investment round was led by Breyer Capital, with additional support from regional search engine giant Baidu, IDG....

“Bitcoin bank” Circle is betting big on China. The company has announced that it raised $60 million in a new Series D funding round led by Beijing-based investment firm IDG Capital, an existing Circle investor. The company also announced the opening of its Chinese subsidiary Circle China, which had been separately funded earlier. Participants in the new Circle funding round include global venture capital and private equity firm, Breyer Capital, General Catalyst Partners and a group of Chinese firms including; Baidu, China International Capital Corporation ALPHA, China Everbright Limited,....