Recent investment activity

KANDO id: 565051

Corporate information

Founders
Official name
Circle Internet Financial Inc
Affiliated coins

Company type

Consumer finance company focused on transforming the world economy with secure, simple, and less costly technology for storing and using bitcoin.

Overview

Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle's platform has supported more than 100 million transactions by more than 10 million retail customers and more than 1,000 businesses. Circle is also a principal developer of USD Coin (USDC), which together with Coinbase and the Centre Consortium oversees the standards and protocol for what has become the fastest growing, regulated, fully reserved dollar digital currency. USDC now stands at more than 22 billion and has supported over $615 billion in transactions over the past year. Today, Circle's transactional services, business accounts, and platform APIs are giving rise to a new generation of financial services and commerce applications that hold the promise of raising global economic prosperity for all through programmable internet commerce.



Funding rounds

N/A USD 440,000,000


USD 440,000,000 ( )

Profile Country Notes
Atlas Merchant Capital Initial investment.
Digital Currency Group Inc Investment company focused on bitcoin and blockchain tech businesses. Initial investment.
Fidelity Investments Initial investment.
FTX Cryptocurrency Derivatives Exchange Cryptocurrency derivatives exchange. Initial investment.
Intersection Fintech Ventures Initial investment.
Marshall Wace LLP Initial investment.
Pillar Ventures Initial investment.
Valor Capital Group Initial investment.
Willett Advisors Initial investment.

Series E USD 110,000,000


USD 110,000,000 ( ) at USD 3,000,000,000 pre-money valuation

Profile Country Notes
Bitmain Technologies Ltd Maker of chips and machines for mining Bitcoin.
Blockchain Capital Venture capital fund with a focus on blockchain enabled technologies.
General Catalyst Partners Venture capital firm that makes early-stage and transformational investments.
Accel Partners & Co Inc Early and growth stage venture capital firm. Follow-on investment.

Series D USD 60,000,000


USD 60,000,000 ( ) at USD 420,000,000 pre-money valuation

Profile Country Notes
IDG Capital Partners Led the round.
Baidu Inc Provider of Chinese language search engine online.
Breyer Capital
China Everbright Investment Management
China International Capital Corp Ltd China’s first joint venture investment bank.
CreditEase
CreditEase Fintech Investment Fund
Fenbushi Capital China-based venture capital firm that exclusively invests in Blockchain-enabled companies.
General Catalyst Partners Venture capital firm that makes early-stage and transformational investments.
Glenn Hutchins Individual investor.
Sam Palmisano Individual investor.
Tusk Ventures

Series C USD 50,000,000


USD 50,000,000 ( ) at USD 200,000,000 pre-money valuation

Profile Country
Accel Partners & Co Inc Early and growth stage venture capital firm.
BoomStartup LLC
Breyer Capital
Digital Currency Group Inc Investment company focused on bitcoin and blockchain tech businesses.
Fenway Summer Ventures
General Catalyst Partners Venture capital firm that makes early-stage and transformational investments.
Goldman Sachs & Co Investment bank
Oak Investment Partners LP Multi-stage venture capital firm
Pantera Capital Management LP Investment firm focused exclusively on ventures, tokens, and projects related to blockchain tech, digital currency, and crypto assets.

Top investment portfolio themes


Investment activity status
Active investor

Selected investments

Displaying 1 - 2 of 2
Profile Country Date Funding
FTX Cryptocurrency Derivatives Exchange Cryptocurrency derivatives exchange. Series B Initial investment
Poloniex LLC Cryptocurrency exchange. Acquisition USD 400,000,000 (USD 400,000,000)

Current team

Employee Position
Jeremy Allaire (founder)

Financials