Circle’s Big Announcement
In a daring leap into the future of finance, the Goldman Sachs-backed cryptocurrency startup, Circle, is launching a $100 million venture capital fund. This ambitious initiative is designed to bolster its equity crowdfunding platform, SeedInvest.
Searching for a General Partner
Circle is on the hunt for a general partner who will be the mastermind behind this fund. The job listing on LinkedIn outlines the exciting responsibilities that come with this role. This partner won’t just be crunching numbers; they’ll be teasing out the magic from SeedInvest’s vast network of 250,000 investors.
- Developing a compelling investment thesis.
- Launching major fundraising initiatives.
- Sourcing lucrative investment opportunities.
- Overseeing the growth of the investment team.
SeedInvest’s Impact So Far
Founded in 2012, SeedInvest has carved out a niche for itself by funding over 150 startups. This remarkable feat earned it a spot as the fourth fastest-growing financial services company in the U.S., according to the 500 List by Inc. Magazine. Talk about a resume boost!
Acquisition by Circle: A Game Changer
The acquisition of SeedInvest by Circle in March 2019 marked a significant shift for the crowdfunding platform, allowing it to embrace cryptocurrencies and venture into the realm of tokenized securities. With Circle’s support, SeedInvest has grown its offerings exponentially. Just when you thought it couldn’t get any cooler, in early 2023, SeedInvest received the green light from the U.S. Financial Industry Regulatory Authority (FINRA) to offer trading in secondary shares. Talk about leveling up!
Circle’s CEO Weighs In
Adding to the excitement, Circle’s CEO, Jeremy Allaire, recently declared Bitcoin (BTC) as a safe investment, suggesting that individuals keen on safeguarding their capital are turning to Bitcoin. Could this be the next great financial revolution, or just another day in the ever-evolving world of cryptocurrency?
+ There are no comments
Add yours