• FOUNDING YEAR: 2013
    LOCATION:
    United States
    REGION:
    Last Update:
    27 Jun, 2019
    Phone:
    +1 617-366-2720

Description

FOCUS

PRODUCTS & SERVICES:
Currently, the company offers four products such as: 1. Poloniex: Allows users to buy and sell on one of the world’s most active crypto exchanges. 2. Circle Invest: Helps them to invest in crypto even if they have never invested in it before. 3. Circle Trade: Allow them to trade crypto OTC with a global desk that moves $2B+ monthly. 4. Circle Pay: Helps them to send money between currencies, countries, and friends.
MAIN CLIENTS:
Retail consumers

PEOPLE

FOUNDERS:
Xavier Chaude, Alexandre Harkous
Board Members and Advisors:
Ifty Ahmed, Jim Breyer, Michele Burns, Raj Date, David Orfao, Jeremy Allaire, Quan Zhou
NUMBER OF EMPLOYEES:
501-1000
INVESTORS:
Accel, Breyer Capital, Digital Currency Group, Fenway Summer LLC, General Catalyst Partners, Goldman Sachs, Jim Breyer, Leonard Schrank, Michele Burns, Oak Investment Partners, Pantera Capital, IDG Capital Partners, Baidu, China Everbright Investment Management, China International Capital Corporation Alpha, CreditEase, Bitmain, Blockchain Capital, Digital Currency Group, and Tusk Ventures.

TRACTION

VALUATION / MARKET CAP:
$3 Billions in 2018
VALUATION COMMENT
After the latest funding round, the company's valuation is at $3 billion. (May 2018)
ACTIVE USERS:
8 Million in 2019
ACTIVE USERS COMMENT:
The company has 8 million customers from more than 100 countries. (Feb. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$246 Millions
DATE OF LAST FUNDING:
May 2018
TOTAL FUNDING COMMENT:
The company will use the funds to create dollar-pegged cryptocurrency which will enable the businesses and consumers to transfer value more efficiently. (May 2018)
FUNDING SERIES:
SERIES A
$9 Millions Closed: Oct 2013
SERIES B
$17 Million Closed: May 2014
SERIES C
$50 Millions Closed: Apr 2015
SERIES D
$60 Millions Closed: Jun 2016
SERIES E
$110 Million Closed: May 2018
LISTED:
NO

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