CV

Circle Ventures

North America, Massachusetts, United States, East Boston

Description

Circle Ventures is the dedicated venture capital arm of Circle Internet Financial, a prominent global financial technology firm and the primary issuer of USDC, one of the world's largest stablecoins. Established to strategically invest in the burgeoning Web3 ecosystem, Circle Ventures focuses on projects that accelerate global crypto innovation and adoption, particularly those that enhance the utility and reach of stablecoins and decentralized finance. Its investment thesis is deeply intertwined with Circle's broader mission to build an open, global internet for money, aiming to foster an ecosystem where digital assets and blockchain technology can thrive.

The firm primarily targets early-stage companies, typically participating in seed and Series A funding rounds. Their investment scope is broad within the crypto space, encompassing decentralized finance (DeFi) protocols, non-fungible token (NFT) platforms, core Web3 infrastructure, blockchain gaming, and innovative payment solutions. Beyond capital, Circle Ventures offers portfolio companies strategic guidance, access to Circle's extensive network, and potential integration opportunities within the Circle ecosystem, including the USDC stablecoin and its payment rails. This strategic alignment provides significant value proposition for founders looking to scale their blockchain-native businesses.

In 2022, Circle Ventures announced a dedicated $100 million fund to support promising startups, underscoring its commitment to fostering innovation in the digital asset space. Since its inception, the venture arm has made a substantial number of investments, with Crunchbase indicating over 50 distinct investments across various stages. Typical first check sizes for Circle Ventures can range from approximately $250,000 for early seed-stage projects to as much as $5,000,000 for more mature Series A opportunities, reflecting their flexible approach to supporting high-potential ventures that align with their strategic vision for a tokenized future.

Investor Profile

Circle Ventures has backed more than 97 startups, with 4 new investments in the last 12 months alone. The firm has led 2 rounds, about 2% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Singapore.
  • Strong thematic focus on Blockchain, Cryptocurrency, Financial Services.
  • Typical check size: $250K – $5M.

Stage Focus

  • Seed (53%)
  • Series A (20%)
  • Series Unknown (14%)
  • Series B (4%)
  • Pre Seed (3%)
  • Initial Coin Offering (2%)
  • Secondary Market (1%)
  • Angel (1%)
  • Series C (1%)
  • Series E (1%)

Country Focus

  • United States (67%)
  • Canada (4%)
  • Singapore (4%)
  • Germany (3%)
  • Switzerland (2%)
  • Taiwan (2%)
  • Colombia (2%)
  • Japan (2%)
  • United Kingdom (2%)
  • Belgium (1%)

Industry Focus

  • Blockchain
  • Cryptocurrency
  • Financial Services
  • Fintech
  • Finance
  • Information Technology
  • Software
  • Web3
  • Payments
  • Internet
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Circle Ventures frequently co-invest with?

Shima Capital
North America, NA - Puerto Rico, Puerto Rico, San Juan
Co-Investments: 5
Amber Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 6
SV
North America, New York, United States, Brooklyn
Co-Investments: 6
Coinbase Ventures
North America, California, United States, Oakland
Co-Investments: 10
Robot Ventures
North America, New York, United States, New York
Co-Investments: 5
Jump Crypto
North America, Illinois, United States, Chicago
Co-Investments: 6
Hack VC
North America, California, United States, San Francisco
Co-Investments: 5
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 6
The Spartan Group
Asia, Central Region, Singapore, Singapore
Co-Investments: 9
Alameda Research
Asia, Hong Kong Island, Hong Kong, Central and Western
Co-Investments: 6

Which angels does Circle Ventures often collaborate with?

Balaji Srinivasan
Asia, Central Region, Singapore, Singapore
Shared Deals: 5
RS
North America, New York, United States, New York
Shared Deals: 2
JM
North America, Oregon, United States, Portland
Shared Deals: 2
SP
North America, New York, United States
Shared Deals: 2
OD
North America, New York, United States, New York
Shared Deals: 2
Ricardo Marino
South America, Sao Paulo, Brazil, São Paulo
Shared Deals: 1
AN
North America, California, United States, Los Altos
Shared Deals: 1
Shared Deals: 2
KT
North America, California, United States, San Francisco
Shared Deals: 2
CL
North America, California, United States, San Francisco
Shared Deals: 2

What are some of recent deals done by Circle Ventures?

D2X Group

Amsterdam, Noord-Holland, The Netherlands

The Secure Gateway to Digital Assets

BlockchainCryptocurrencyFinancial ExchangesFinancial Services
Series UnknownJul 29, 2025
Amount Raised: $4,979,111
Zodia Markets

London, England, United Kingdom

Zodia Markets is a digital asset trading platform that provides custody of digital assets, brokerage, trade, investments, and exchange.

Asset ManagementBlockchainCryptocurrencyFinancial ServicesTrading Platform
Series AJul 28, 2025
Amount Raised: $18,250,000
Digital Asset

New York, New York, United States

Digital Asset develops distributed ledger and smart contract infrastructure aimed at enabling synchronized finance across institutions.

BlockchainCryptocurrencyDeveloper PlatformDeveloper ToolsFinTech
Series EJun 24, 2025
Amount Raised: $135,000,000
Catena Labs

Boston, Massachusetts, United States

Catena Labs incubate independent products spanning identity, communications, AI, and commerce.

Artificial Intelligence (AI)Information TechnologyInternet
SeedMay 20, 2025
Amount Raised: $18,000,000
MSafe

San Francisco, California, United States

MSafe provides secure wallet services for decentralized financial systems.

Asset ManagementBlockchainFinTechInformation Technology
SeedApr 3, 2025
Amount Raised: $5,000,000
Abound

San Francisco, California, United States

Abound is super app where money, commerce and content transcend geographical boundaries.

Financial Services
SeedMar 27, 2025
Amount Raised: $14,000,000

Anzen creates decentralized finance infrastructure powering the first private credit backed stablecoin

FinanceFinancial Services
SeedMay 12, 2024
Amount Raised: $4,000,000
Centrifuge

Zug, Zug, Switzerland

Centrifuge is the platform for tokenized real-world assets onchain.

BlockchainDecentralized Finance (DeFi)FinTech
Series AApr 17, 2024
Amount Raised: $15,000,000
Playtron

Palo Alto, California, United States

Playtron provideslightweight gaming OS optimized for a new generation of powerful handheld gaming PCs.

Gaming
SeedMar 18, 2024
Amount Raised: $10,000,000
Superfluid Finance

London, England, United Kingdom

Superfluid Finance is on a mission to transform the way assets move in decentralized finance.

ComputerDecentralized Finance (DeFi)Financial Services
SeedFeb 22, 2024
Amount Raised: $5,100,000