Goldman a Lead Investor in Funding Round for Bitcoin Startup Circle

bitcoincirclegoldmansachs30 Apr 2015 / WSJ – Goldman Sachs Group Inc. is one of two lead investors in a $50 million funding round for bitcoin startup Circle Internet Financial Ltd.

Goldman adds its name to a growing list of Wall Street institutions exploring digital-currency technology’s potential to provide faster and cheaper financial transactions and payments.

Circle, based in Boston, uses bitcoin-based systems to allow customers to digitally store money and transfer it to and from other people and merchants.

The new $50 million injection comes on top of $26 million in prior financing founds for Circle and, according to people familiar with the deal, values the startup at around $200 million….. Read more

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