Circle Is Raising a $100 Million Fund for Its Crowdfunding Arm
Circle is hiring a new general partner to set up a $100 million venture capital fund via SeedInvest.
Circle is hiring a new general partner to raise a $100 million venture capital fund.
The fund will take advantage of the deal flow coming through SeedInvest, the equity crowdfunding startup that Circle acquired in March 2019.
The listing on LinkedIn says: "The Partner will be expected to develop and drive an investment thesis designed to leverage SeedInvest's sizable deal flow and its unique network of 250,000 investors to maximize returns."
SeedInvest emphasizes itself a registry of potential startup investments that have been thoroughly vetted by the firm before they are shown to users.
The posting says Circle is seeking someone with principal or partner-level experience at an established venture firm and strong connections throughout the funder community.
At the time of the SeedInvest acquisition, Circle noted that the startup opened an opportunity to tokenize equity in new companies. In a joint blog post at the time, the cofounders wrote:
Circle did not provide additional comments after multiple requests. SeedInvest did not reply to a request for comment.
Circle President Sean Neville image via CoinDesk archives
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