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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.
Bitcoin brokerage Circle Internet Financial is said to be raising as much as $40m in new funding.
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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.
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
