Circle completes latest acquisition amid claims it’s raising an extra $250M

Circle completes latest acquisition amid claims it’s raising an extra $250M
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-3-4 17:58

Goldman Sachs-backed payments startup Circle has acquired equity crowdfunding firm SeedInvest amid rumours it’s looking to raise $250 million in a new round of funding. Circle’s intention to acquire SeedInvest was first made in October last year, but the transaction was pending regulatory approval.

In a blog post published today, Circle’s co-founders Sean Neville and Jeremy Allaire (also the founder of online video platform Brightcove) said they had received the green light from Financial Industry Regulatory Authority (FINRA) in the US. This is not the first acquisition made by the company, though, as it snapped up Poloniex, a cryptocurrency exchange, for $400 million, in…

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