Coming as the latest development in the crypto sphere, Circle plans to set up a hundred million dollars VC fund for SeedInvest, its equity crowdfunding platform. It is to be noted that Circle is a Goldman Sachs-backed cryptocurrency startup.
Circle is in quest of the general partner that will be in charge for raising and supervising the fund, as per a recent job posting on LinkedIn. According to the post, the candidate will be managing the fund in partnership with senior leadership team of SeedInvest.
Furthermore, as per the posting, the candidate will be anticipated to build up and work on an investment notion. The aforementioned job posting notes that the thesis will be targeting SeedInvest’s network of over two hundred and fifty thousand investors to maximize returns. The candidate will also need to run day-to-day operations of the fund. This includes key fundraising programs, sourcing investment opportunities. This further includes supervising and growing the investment team.
It is to be noted that SeedInvest was founded in 2012 and is based out of New York. Interestingly, the platform has funded more than one hundred and fifty startups till now. Interestingly, SeedInvest was acquired by Circle, in March 2019. Outstandingly, Circle facilitated the platform to spread out its offerings to prop up digital assets and cryptocurrencies as well as issuing tokenized securities.
Furthermore, SeedInvest was permitted to offer secondary shares trading by the United States Financial Industry Regulatory Authority, earlier this year.
Lately, the CEO of Circle maintains that Bitcoin is a safe and sound investment. Moreover, he stated that people who want to control their capital should purchase BTC.