A New Player On The Crowdfunding Scene

Crowd Funding Photo
What's Next In Payments®
6:35 AM EDT March 28th, 2014

After helping several start-ups find funding, CircleUp has brought in some dollars for itself in the form of $14 million in venture capital funding.  The round was led by first-time investor Canaan Partners, Google Ventures had previously invested in the company.

CircleUp connects small consumer and retail companies with vetted prospective investors that make at least $200,000 a year, or have a net worth above $1 million.

Dan Ciporin, a partner at Canaan Partners will also be joining CircleUp’s board.

“There’s a lot that we can learn from Dan’s experience at Lending Club,” said CircleUp CEO Ryan Caldbeck, reports The New York Times. “We viewed that as a really good analogy of what we’re trying to build.”

CircleUp had raised $7.5 million in a previous funding round.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

Topics:
Comments
Also by This Author
What's Hot
B2B Payments
Global Trade Entity Nets Coveted Trade Finance Certification
B2B Payments
British Utility Firm Excited For New, Streamlined Payments Systems
B2B Payments
Food Company Chooses Tungsten For Better Payment Processing
B2B Payments
New Cross-Border Payment System Hits Thailand And Hong Kong
View All Articles ››
You May Also Like
B2B Payments
Global Trade Entity Nets Coveted Trade Finance Certification
B2B Payments
British Utility Firm Excited For New, Streamlined Payments Systems
B2B Payments
Food Company Chooses Tungsten For Better Payment Processing
B2B Payments
New Cross-Border Payment System Hits Thailand And Hong Kong
View All Articles ››