Circle seeks $40 Million in New Funding

Circle Internet Financial, a bitcoin brokerage start-up company, is seeking to raise around $40m in fresh round of funding. The funding would raise its total investment to $66m.

The brokerage firm is raising the funds at a valuation of $200m, citing individuals with knowledge of the negotiations, according to a recent report published by Fortune.

A company representative declined to comment, but suggested that an unspecified announcement would be made in the coming days, the report added.

The news, if confirmed, would signify Circle's largest funding effort so far. It raised $17m in a Series B round in 2014, following a previous $9m in Series A funding from 2013.