• Fri, 06 Dec 2019, 02:35 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

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.”

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,462.29 (+2.79%)
  • Ethereum (ETH) $149.27 (+2.07%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.09 (+2.62%)
  • Litecoin (LTC) $45.40 (+1.12%)
  • Bitcoin (BTC) $7,462.29 (+2.79%)
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
11:28
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:28
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:49
Crypto Technicals: LTC/USD pauses downside, bullish RSI divergence raises scope for upside
10:43
U.S. financial regulators call for continued monitoring of digital assets and DLTs
10:10
Crypto Technicals: IOT/USD retraces above 0.20 handle; recovery lacks traction
09:38
Samsung Blockchain Keystore to be soon available in six more European countries, says TRON CEO Justin Sun
08:15
KT and China Mobile team up to commercialize blockchain-based roaming charge system
07:13
Crypto Technicals: XRP/USD capped below 5-DMA, on track to test trendline support at 0.1995
06:44
France to launch CBDC trial by end of Q1 2020
06:35
Crypto Technicals: BTC/USD finds selling pressure at highs, bias remains bearish as long as 21-EMA resistance holds
06:25
OneConnect seeks to raise $500M for its upcoming IPO amidst global expansion of parent company Ping An
06:17
China’s Hainan announces new measures, $142M fund to support blockchain industry
05:25
Sean Neville to step down as Circle co-CEO
05:02
Bakkt CEO Kelly Loeffler appointed as U.S. senator by Georgia governor Brian Kemp
04:58
Gemini burns GUSD bringing total supply to 4.1 million
04:46
Crypto Technicals: ETH/USD recovery capped at 200H MA, break below 78.6% Fib (141.35) to knock prices lower
03:59
Poloniex users could lose fund, account if they fail to withdraw tokens by Dec. 16, Circle warns
03:36
North Korean hacking group may be behind near-undetectable macOS malware
Dec 4, 2019 (Wednesday)
13:46
BOJ Governor Haruhiko Kuroda sees no public demand for CBDC at the moment
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft