Circle, the company behind USDC (currently the second largest stablecoin) just beat the record for the investment round with the most capital received by a crypto-related company.
$18 Million More Than The Previous Record
According to Forbes, the investment round garnered a total of $440 million USD from institutional and private investors alike. It is $18 million USD more than the prior record of $422 million USD raised in 2018 by Bitmain, a company that offers custom crypto mining solutions worldwide.
Aside from setting a new record in the crypto space, this investment is also in the top 10 private fintech investments of all time. Five of the largest crypto-investments in history have been in 2021.
| Company | Amount raised (in USD) | Date |
|---|---|---|
| Circle | $440 million | 28 May 2021 |
| Bitmain | $422 million | 7 August 2018 |
| BlockFi | $350 million | 11 March 2021 |
| Dapper Labs | $305 million | 30 March 2021 |
| Blockchain.com | $300 million | 24 March 2021 |
| Bakkt | $300 million | 16 March 2020 |
| Coinbase | $300 million | 30 October 2018 |
| Bitmain | $292.7 million | 19 June 2018 |
| Bitso | $250 million | 5 May 2021 |
| Hangzhou Qulian Technology | $235 million | 4 June 2018 |
| Bithumb | $200 million | 19 April 2019 |
| Ripple Labs | $200 million | 1 October 2020 |
In a public statement, Circle thanked everyone for their trust and reiterated their commitment to using stablecoins in order to improve the payments landscape.
The financing, among the top 10 in private fintech investments, fuels the company’s continued growth, organizational development and market expansion opportunities. We are grateful to our colleagues, customers, strategic partners, investors, regulators and other stakeholders who are continuing to work with us in making Circle’s vision a reality.
Team Circle [source]
Overall, this has been an important year so far for institutional investments into crypto, with the public listing of Coinbase being one the highlights.
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