# Circle Internet Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/circle-internet-financial

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.circle.com
- Total disclosed funding: $647M
- Latest round: Series F (May 9, 2022)
- Investors on record: 21

## About

Circle Internet Financial, LLC is a United States-based company specializing in stablecoin solutions, enabling efficient global financial transactions. Their offerings leverage digital currencies like USDC and EURC to support various payment applications.Founded in 2013 by co-founders Jeremy Allaire and Sean Neville and headquartered in New York, US, Circle Internet Financial, LLC facilitates digital currency transactions through its stablecoins. In June 2025, Circle Internet Financial, LLC raised USD 1.2 billion in an IPO, selling 39.1 million shares?at?USD 31 apiece on NYSE, under the ticker "CRCL". The deal values the company at USD 8.06 billion. Following the transaction, Accel, Breyer Capital, General Catalyst Partners, IDG Capital and Oak Investment Partners will retain a minority stake in the business. Circle's core offerings center on facilitating global financial transactions through its stablecoin products, primarily USDC and EURC, which are fully backed by liquid cash and equivalents. These digital currencies are designed for various financial applications, such as real-time settlements, cross-border payments, and tokenized money market funds. By leveraging an open Layer-1 blockchain architecture, Circle enables efficient fund transfers across multiple platforms, catering to businesses and financial institutions integrating digital assets into operations. The company targets diverse clients, including banks and developers, operating in over 185 countries, particularly in the US, EU, and select regions in Asia and the Middle East. The revenue structure is primarily derived from transaction fees associated with their stablecoin offerings, along with partnerships with financial institutions that utilize Circle’s Payments Network. Institutions subscribing to Circle’s services for liquidity management also contribute to the revenue stream, supporting both business-to-business and direct-to-consumer transactions.Circle Internet Financial, LLC has plans to expand its product offerings and reach new markets by June 2025. Following a successful IPO where they raised USD 1.054 bn by selling 34 million shares at USD 31 per share on the NYSE under the ticker "CRCL", the company intends to utilize the capital raised to enhance its platform and develop new services. Specific upcoming products and expansions into new geographic regions are anticipated to be unveiled as part of this growth strategy.

## Funding rounds

- Series F, May 9, 2022, $401M — Marshall Wace, Fidelity Investments, BlackRock, Fin Capital
- Series E, May 15, 2018, $110M — Accel, General Catalyst Partners, IDG Capital, Digital Currency Group, Breyer Capital, Pantera Capital, Blockchain Capital, Tusk Venture Partners, Bitmain Technologies Holding Company
- Series D, May 12, 2016, $60M — General Catalyst Partners, IDG Capital, China Everbright, Baidu, Breyer Capital, CreditEase Fintech Investment Fund, Fenbushi Capital, CICC Alpha
- Series C, Apr 2, 2015, $50M — Accel, Oak Investment Partners, General Catalyst Partners, IDG Capital, Goldman Sachs Asset Management, Digital Currency Group, Breyer Capital, Pantera Capital, Fenway Summer Ventures
- Series B, Feb 26, 2014, $17M — Accel, Oak Investment Partners, General Catalyst Partners, Digital Currency Group, Breyer Capital, Pantera Capital, Fenway Summer Ventures
- Series A, Aug 22, 2013, $9M — Accel, General Catalyst Partners, Breyer Capital

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series E
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C, Series D, Series E
- Breyer Capital (https://capitalatlas.ai/funds/breyer-capital) — Series A, Series B, Series C, Series D, Series E
- Oak Investment Partners (https://capitalatlas.ai/funds/oak-investment-partners) — Series B, Series C
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series B, Series C, Series E
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series B, Series C, Series E
- Fenway Summer Ventures (https://capitalatlas.ai/funds/fenway-summer-ventures) — Series B, Series C
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series C, Series D, Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- China Everbright (https://capitalatlas.ai/funds/china-everbright) — Series D
- Baidu — Series D
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series D
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series D
- CICC Alpha (https://capitalatlas.ai/funds/cicc-alpha) — Series D
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series E
- Tusk Venture Partners (https://capitalatlas.ai/funds/tusk-venture-partners) — Series E
- Bitmain Technologies Holding Company — Series E
- Marshall Wace (https://capitalatlas.ai/funds/marshall-wace) — Series F
- Fidelity Investments (https://capitalatlas.ai/funds/fidelity-investments) — Series F
- BlackRock (https://capitalatlas.ai/funds/blackrock) — Series F
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Series F