Circle Bets Big on China Amid New Capital Raise
“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....
Related News
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....
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....
The Boston-based company Circle Financial has just finished a new $60 million Series D funding round from a conglomerate of Chinese investors. The firm also announced its global expansion plans starting with China. Encircling the Globe . The startup Circle a Bitcoin-based service has done well for itself since its inception in 2013. The company has....
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