Crypto Trading Giant Circle Wants to Raise $250 Million in Funding ? But Why?
Companies, agencies, institutions, etc
Circle
Poloniex
Coinmarketcap
Circle Trade
Goldman Sachs
IDG Capital
Baidu of China
Bitcoin
ShapeShift
Ethereum giant ConsenSys
SeedInvest
Coinbase
Tiger Global Management
The Written Craft
People
ConsenSys
Steemit
Jeremy Allaire
Kraken
Conor
Groups
Circle
Physical locations
Circle
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Locations
Bitmain
Circle
ShapeShift
Steemit
Boston
New York
London
Ireland
Events
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Summary
Circle has raised $246 million to date over six different rounds, with other investors including Goldman Sachs, IDG Capital, and Baidu of China.The $3 billion valuation may have decreased since then, with some analysts estimating that it has since shrunk to $750 million as a result of the recent crypto-economic downturn.A successful fundraising round at this time would make the company one of the first to attract an investment of that size since the recent decline in the markets.It is likely that the major correction in the price of Bitcoin from early last year onwards is the behind the firm’s need for capital.
As said here by Conor Maloney