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Circle Launches Venture Fund to Support the ‘Most Interesting’ Crypto Projects

Crypto payments company Circle has announced the launch of Circle Ventures, a venture capital fund with the primary goal of supporting early-stage crypto projects.
Jeremy Fox-Geen, the firm’s chief financial officer, said that “Circle Ventures is another way to contribute, and we’re excited to support our industry’s innovators and entrepreneurs and identify compelling early-stage companies, technologies, projects, and protocols to help realize our mission.”
Based in Boston, Circle operates USD Coin (USDC) the world’s second-largest stablecoin behind Tether (USDT). USDC’s current market cap is $34.6 billion, according to CoinGecko.
In May this year, the firm raised $440 million in a funding round backed by the likes of Digital Currency Group, Valor Capital, and crypto exchange FTX, among other strategic investors.
USDC-Creator Circle Snares $440 Million in Funding Round
Though the firm didn’t disclose the size of the fund, it has already deployed initial capital for the new in

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