Circle Internet Financial (“Circle”) was founded in 2013 by CEO Jeremy Allaire and President Sean Neville. The company has not officially endorsed a plan to participate in an IPO.
Circle operates a fintech platform that allows people, institutions, and businesses to invest in and raise capital with cryptocurrencies. The company has raised nearly $250 million in Venture Capital funding from investors including 2020 Ventures, Bascom Ventures, CMT Digital, MicroVentures, Next Ventures, PennSpring Capital, Pillar VC, CreditEase, Blockchain Capital, IDG Capital, Fenway Summer Ventures, Accel, Breyer Capital, General Catalyst, and Digital Finance Group. It has been widely reported that Circle last raised $110 million in May 2018 at a post-money valuation of $3 billion valuation.