About Circle
Circle is a company based in Boston (United States) founded in 2013 by Jeremy Allaire. It operates as a API-as-a-Product, FinTech, and Managed Services. Circle has raised $1.5 billion across 7 funding rounds from investors including Coinbase, Fidelity Investments and FTX. Circle has completed 8 acquisitions, including Circle, Circle and Element Payments. Circle offers products and services including USDC, EURC, USYC, Circle Payments Network, and Arc. Circle operates in a competitive market with competitors including TrustToken, Celo, MakerDAO, Origin Protocol and Reserve, among others.
- Headquarter Boston, United States
- Founders Jeremy Allaire
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Circle Internet Group, Inc.
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Annual Revenue
$1.68 B15.57as on Dec 31, 2024
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Net Profit
$155.67 M-41.82as on Dec 31, 2024
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EBITDA
$218 M-19.05as on Dec 31, 2024
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Total Equity Funding
$1.5 B (USD)
in 7 rounds
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Latest Funding Round
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Investors
Coinbase
& 15 more
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Employee Count
Employee Count
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Investments & Acquisitions
Circle
& 7 more
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IPO & Listings of Circle
Circle is a publicly listed company on the NYSE with ticker symbol CRCL in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Circle
Circle offers a comprehensive portfolio of products and services, including USDC, EURC, USYC, Circle Payments Network, and Arc. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
USDC is offered as a regulated digital dollar.
EURC is provided as a regulated digital euro.
USYC is managed as a tokenized money fund.
Payments are facilitated through a global stablecoin network.
Arc is built for stablecoin finance blockchain solutions.
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Software Development Team
185 people
Sales and Marketing
50 people
Leadership Team
47 people
Product Management Team
45 people
Legal and Compliance
29 people
Senior Team
28 people
Finance and Accounting
12 people
Data Analysis and Operations Team
10 people
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Funding Insights of Circle
Circle has successfully raised a total of $1.5B across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(13 May 2016)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Series E - Circle | Valuation | Coinbase |
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| Apr, 2022 | Amount | Series E - Circle | Valuation | BlackRock , Fin Capital | |
| Jan, 2022 | Amount | Token Sale - Circle | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Circle
Circle has secured backing from 16 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Coinbase, Fidelity Investments and FTX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Long-short equity strategies are managed through specialized hedge funds.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Philanthropic assets are managed by Willett Advisors LLC.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Circle
Circle has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Circle, Circle and Element Payments. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Smart contract audits are conducted by Hashnote for blockchain projects.
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2022 | ||||
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Payment routing solutions are provided for global businesses.
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2020 | ||||
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Blockchain-based wallets for cryptocurrency and asset management are offered.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Circle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Circle Comparisons
Competitors of Circle
Circle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TrustToken, Celo, MakerDAO, Origin Protocol and Reserve, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Physical assets are tokenized on a decentralized platform for liquidity.
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| domain | founded_year | HQ Location |
Blockchain-based stablecoins are utilized for social payments and transfers.
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| domain | founded_year | HQ Location |
A collateral-backed stablecoin is issued on the Ethereum blockchain.
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| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
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| domain | founded_year | HQ Location |
A stablecoin and decentralized payment protocol are provided by Reserve.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Circle
Frequently Asked Questions about Circle
When was Circle founded?
Circle was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Circle located?
Circle is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Circle a funded company?
Circle is a funded company, having raised a total of $1.5B across 7 funding rounds to date. The company's 1st funding round was a Token Sale of $10M, raised on May 13, 2016.
What is the annual revenue of Circle?
Annual revenue of Circle is $1.68B as on Dec 31, 2024.
What does Circle do?
Circle is established as a provider of infrastructure for a new internet financial system, focusing on seamless global money movement. Stablecoins like USDC and EURC are issued to facilitate near-instant, low-cost transactions. The platform connects traditional finance with digital assets, serving banks, businesses, developers, and consumers. Operations span across 185 countries with solutions for payments, currency access, and trading services. Compliance with global regulations is maintained through numerous licenses, ensuring trust and security in the digital economy.
Who are the top competitors of Circle?
Circle's top competitors include Celo, TrustToken and MakerDAO.
What products or services does Circle offer?
Circle offers USDC, EURC, USYC, Circle Payments Network, and Arc.
Is Circle publicly traded?
Yes, Circle is publicly traded on NYSE under the ticker symbol CRCL.
How many acquisitions has Circle made?
Circle has made 8 acquisitions, including Circle, Circle, and Element Payments.
Who are Circle's investors?
Circle has 16 investors. Key investors include Coinbase, Fidelity Investments, FTX, BITMAIN, and BlackRock.
What is Circle's ticker symbol?
The ticker symbol of Circle is CRCL on NYSE.
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