Circle Acquires Equity Crowdfunding Start-Up SeedInvest

News
Fri, 10/05/2018 - 16:05
Alex Dovbnya
Blockchain start-up Circle has purchased a major equity crowdfunding company SeedInvest for an undisclosed sum of money. It allows start-ups to raise money online
Cover image via U.Today

According to Bloomberg, Blockchain start-up Circle has purchased a major equity crowdfunding company SeedInvest for an undisclosed sum of money.

SeedInvest is a platform that allows private companies start-ups to raise money online, thus connecting start-ups and investors in a seamless way. Hence, entrepreneurs could focus on further developing their businesses instead of spending too much time on fundraising efforts. By acquiring SeedInvest, Circle also wants to occupy this niche with an emphasis on cryptocurrencies.

Circle CEO Jeremy Allaire claims he wants to change the way businesses raise capital, adding that crypto securities will soon be a major category of securities.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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