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New Deal


Announced

BlackRock led a $400m funding round in Circle.

Financials

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Transaction Value£307m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Domestic

Acquisition

Payments / Commerce

Venture Capital

Private

Single Bidder

financial technology

Pending

payments technology

United States

Private Equity

Minority

Synopsis

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BlackRock, an investment management firm, led a $400m funding round in Circle, a global internet finance firm and the issuer of USD Coin, with participation from Fidelity Management and Research, Marshall Wace and Fin Capital. "Dollar digital currencies like USDC are fueling a global economic transformation, and Circle's technology infrastructure sits at the center of that change. This funding round will drive the next evolution of Circle's growth. It's particularly gratifying to add BlackRock as a strategic investor in the company. We look forward to developing our partnership," Jeremy Allaire, Circle CEO.

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