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Circle Raises $17M

Circle

Circle Internet Financial, a digital currency company, has closed $17 million in Series B financing, bringing its total raise to date to $26 million. Breyer Capital, Accel Partners, and General Catalyst Partners were joined by new investor Oak Investment Partners in leading the round.

Other Series B investors include Pantera Capital; the Bitcoin Opportunity Fund of Barry Silbert, founder and chief executive officer of SecondMarket, and founder of the Bitcoin Investment Trust; Leonard H. Schrank, former chief executive officer of SWIFT (Society for Worldwide Interbank Financial Telecommunication); and, Circle board member M. Michele Burns. Fenway Summer, a consumer finance advisory and venture firm led by Circle board member Raj Date, also participated in the round.

[Image courtesy: Circle]

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