Circle Launches with $9M from Jim Breyer, Accel and General Catalyst in Biggest-Ever Bitcoin Funding
(CoinDesk) A new startup has launched in the Bitcoin ecosystem, backed by $9 million of Series A funding from a number of notable tech investors.
Called Circle Internet Financial, or just “Circle,” the company was founded by Jeremy Allaire, co-founder of Allaire Corporation, which created the web development language ColdFusion.
Circle aims to drive mainstream adoption of Bitcoin and other digital currencies by offering simple payment services for both businesses and consumers. Those who contributed to the $9 million in funding include Jim Breyer, Accel Partners and General Catalyst Partners, which were all investors in Allaire’s previous company, Brightcove – the online video platform.