Circle Looks to Raise $100M for Its Equity Platform SeedInvest

Goldman Sachs-backed crypto startup Circle plans to raise a $100 million VC fund for its equity crowdfunding platform SeedInvest.

Goldman Sachs-backed crypto startup Circle plans to deploy a $100 million venture capital fund for its equity crowdfunding platform SeedInvest.

According to a recent job posting on LinkedIn, Circle is seeking the general partner that will be responsible for raising and managing the fund in partnership with SeedInvest's senior leadership team.

The partner will be expected to develop and drive an investment thesis, targeting Seed Invest's network of 250,000 investors to maximize returns, the job posting notes. The new position will also require to run day-to-day operations of the fund, including major fundraising initiatives, sourcing investment opportunities, as well as managing and expanding the investment team.

Founded in 2012, New York-based SeedInvest has funded more than 150 startups to date, and was ranked the 4th fastest-growing financial services company in the United States on the 500 List by Inc. Magazine. In March 2019, SeedInvest was acquired by Circle, which enabled the SeedInvest to expand its offerings to support cryptocurrencies and issuing tokenized securities.

Earlier this year, SeedInvest was approved to offer secondary shares trading by the U.S. Financial Industry Regulatory Authority.

Recently, Circle CEO Jeremy Allaire argued that Bitcoin (BTC) is a safe investment, claiming that people who want to control their capital buy Bitcoin.

From Cointelegraph.com News https://cointelegraph.com/news/circle-looks-to-raise-100m-for-its-equity-platform-seedinvest