Circle seeks $100 million to develop crowdfunding platform

by in Cryptocurrency News

Circle investment

Circle company, which owns the Poloniex exchange, has announced the search for a new general partner who can raise $100 million for its venture fund. This was reported by CoinDesk.

Related: Burger King Venezuela now accepts crypto payments

The company expects the new partner to develop and promote an investment declaration to increase the number of large transactions on the SeedInvest platform, which Circle acquired in March.

The SeedInvest platform was founded in 2012 and helped to attract financing to more than 150 companies. Now its network consists of 250 thousand investors.

At the time of the purchase, the company told that SeedInvest's infrastructure would allow it to engage in tokenization of shares in new companies.

Recall that in June Circle stopped supporting the Circle Pay application, shifting focus to other products and business areas.