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03/26/2014

Circle Closes $17 Million Series B, Rolls Out Consumer Product in Invite-Only Limited Release

By Team Circle

We are excited to announce today that Circle has closed its Series B round of financing, which was lead by existing investors, Breyer Capital, Accel Partners and General Catalyst Partners, and new investor Oak Investment Partners.The Series B financing also included strategic investors Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, Inc. and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a leading consumer finance advisory and venture firm led by Circle board member Raj Date. With the Series B financing, Circle's total raise to date is $26 million.

We are also very excited to announce the debut of our initial consumer product in a limited release, which has been made available to select users ahead of the company’s general availability launch later this year. You can visit circle.com to request an invite.

You can read the full press release here.