31 Oct '13, 9am

Circle launches with $9m from Jim Breyer, Accel and General Catalyst in biggest ever bitcoin funding

Circle launches with $9m from Jim Breyer, Accel and General Catalyst in biggest ever bitcoin funding

A new startup has launched in the bitcoin ecosystem, backed by $9m 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 $9m 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. This is the greatest amount of funding achieved by a digital currency company to date. To put this in perspective, bitcoin wallet service and payment processor Coinbase received $6.11m in Series A funding led by U...

Full article: http://www.coindesk.com/circle-9m-jim-breyer-accel-genera...

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