Review of Crypto Startup Circle Internet rises to $ 3 billion

circle internetGoldman Sachs’ startup of the digital currency called Circle Internet is valued at $ 3 billion in a new round of financing.

This makes Circle Internet Financial one of the most expensive fintech startups in the US. The increase in the valuation of the company from Boston is about seven times higher than a previous round of financing in 2016. The company owes this value explosion to its unbridled interest in bitcoins and other digital assets.

Despite a drop in value of 40 percent this year, the Bitcoins bring these companies a real money rain. In particular, it shows that service providers for trading and investing in cryptocurrencies are particularly benefiting. These include Coinbase, a Bitcoin exchange, or Bitmain, the Chinese chip maker for digital money transactions.

The venture capitalists Blockchain Capital and Tusk Ventures also participated in the financing round – one of the largest ever for crypto startups. In addition, existing investors such as IDG, Breyer, General Catalyst, Accel and Digital Currency contributed funds. Goldman did not participate in the current round of financing.

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *