Bitcoin Startup Circle Seeking $40 Million in New Funding, Report Says
Circle Internet Financial is looking to raise as much as $40m as part of its latest funding round, according to a new report.
Apr 27, 2015 at 4:25 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/65F2W35S7BBSXEK4I7HWSZ4EAI.jpg)
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Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding.
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.
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