Circle Raises $222 Million in Arc Token Presale

Cryptocurrency firm Circle has successfully raised $222 million through a presale of its Arc token. The funding round, which included investments from major firms like BlackRock and Apollo, valued the company at $3 billion.

11 May, 10:29 — 11 May, 10:29

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cnbcMostly Factual46d ago

Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion

Andreessen Horowitz served as the lead investor in the sale with a $75 million investment. Other investors include BlackRock and Apollo Funds.

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Coverage Timeline

First report: cnbc · 11 May, 10:29|Full coverage: 3 · 9h|Window: 9h

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cnbc11 May, 10:29First to report

Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion

2h later

Yahoo11 May, 12:46

Circle Raises $222 Million From ‘Arc Token’ Presale

6h later

seeking-alpha11 May, 19:11Latest update

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Circle Raises $222 Million in Arc Token Presale

Sources

Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion

Coverage Timeline

Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion

Circle Raises $222 Million From ‘Arc Token’ Presale

Circle outlines Arc token plans as it reports $222M presale at $3B FDV

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