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CNBC
CNBC
US · 5 mins ago
75◉ Factual
Circle raises $222 million from BlackRock, Apollo and others in Arc token presale valued at $3 billion
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Accuracy 75/100
Partisan intensity 15/100
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Low partisan intensity — consistent with factual reporting✓ Fair headline

Circle, a cryptocurrency and blockchain infrastructure company, raised $222 million in a token presale for its Arc token, which valued the company at $3 billion, with major investors including Andreessen Horowitz, BlackRock, and Apollo Funds.

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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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