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Crypto startup Circle eyes $100M fundraise for its crowdfunding arm SeedInvest

Mon, 26 Aug 2019, 04:08 am UTC

Circle is planning to secure a venture capital fund worth $100 million for its newly acquired equity crowdfunding platform SeedInvest.

As per a job posting on LinkedIn, the Goldman Sachs-backed crypto startup is looking for a general partner who will raise and manage the fund in collaboration with the senior leadership team of SeedInvest.

The Partner will be expected to develop and drive an investment thesis designed to leverage SeedInvest’s sizable deal flow and its unique network of 250,000 investors to maximize returns,” the listing stated.

The new position will also require to run the fund’s day-to-day operations, including spearheading major fundraising initiatives, sourcing investment opportunities, and expanding and supervising the investment team.

Founded in 2012, SeedInvest has supported over 150 startups to date. The New York-based platform was acquired by Circle in March, which made it a fully Securities and Exchange Commission (SEC)-regulated broker-dealer. The deal also enabled SeedInvest to extend its offerings to support cryptocurrencies and issue tokenizes securities, under the supervision of the SEC and Financial Industry Regulatory Authority (FINRA).

At that time, Circle said it will “work closely with leading regulators in the US such as the SEC and FINRA as we evaluate the evolution of private capital market products and services using crypto assets and blockchain technology.”

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