Circle, a cryptographic company, announced on October 5 (local time) that it will acquire SeedInvest, a crowdfunding platform. The amount of the acquisition was not disclosed.
With this acquisition, Circle will be able to use the money to fund the funding. Sid Invest was founded in 2012 and is headquartered in New York. So far, we have raised funds from more than 240,000 investors to fund 220 start-ups. Funding was $ 500,000 on average, with a maximum of $ 2 million.
The deal is expected to be approved by the US Financial Supervisory Service (FINRA). Once the acquisition is complete, Circle will also add cryptography using the seeding field covered by SeedInvest. In addition to leveraging USD coins, which are stakebreakers issued by circles, start-ups can also issue tokens. And even when startups raise funds, they can access their portfolio through circles. Circle introduced the StableBoard USD coin in September, and 20 companies currently support USD coins. Circle was founded in 2013 and is known to have been invested by Goldman Sachs, a large investment bank. For more information, please click here .