Circle Raises $50 Million With Goldman Sachs Support

Bitcoin financial services startup Circle Internet Financial has closed a $50m funding round.
The Boston-based company drew support from Goldman Sachs and China-based IDG Capital Partners, as well as all of Circle’s pool of existing investors, including Breyer Capital, General Catalyst Partners and Accel Partners.
Tom Jessop, managing director at Goldman Sachs’ Principal Strategic Investments Group, said the bank recognizes the need to invest in companies that “have the promise to transform global markets through technical innovation.’
Jessop added:
‘We think that Circle’s product vision and exceptional management team present a compelling opportunity in the digital payments space.’
Quan Zhou, managing director of IDG Capital Partners and Circle board member, said that China in particular will be a major focus for the company as it looks to further internationalize its services.

This post was published at Coin Desk on April 30, 2015.