Companies · Crypto / Web3
HAMILTON · Crypto / Web3 · refined from filed group “Other” · https://www.circle.com/blog/circle-expands-international-offerings-with-new-bermuda-operations-and-digital-assets-business-license
Diligence memoA one-page analyst read on Circle International Bermuda Ltd — recommendation, valuation, rhythm, risks.→Circle International Bermuda Ltd has raised $486M over 1 round; too few niche peers to rank its valuation yet.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.
Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.
No named principal in this company's public records yet — see all operators below.
Explore how these operators interlock with other companies in the operator network.
Circle International Bermuda Ltd is one of 196 Crypto / Web3 companies tracked from HAMILTON. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%
operates a technology-led product inferred from public copy
Grounded in: “You are a venture analyst”
Circle helps businesses and developers harness the power of stablecoins for payments and internet commerce worldwide. Learn more today!
Circle helps businesses and developers harness the power of stablecoins for payments and internet commerce worldwide. Learn more today! Connect with financial institutions globally for real-time settlement Launch a USDC-backed stablecoin on your blockchain Enable low-cost, near-instant global payments Provide access to a store of value worldwide Power liquid financial markets with regulated stablecoins Infrastructure, liquidity, and connectivity to lead in the stablecoin era Explore products, tools, and our community Circle helps businesses and developers harness the power of stablecoins for payments and internet commerce worldwide. Learn more today! Today, we’re expanding our global offerings with the launch and regulatory licensing of a new subsidiary in Bermuda. We plan to serve non-US Poloniex customers with our new Bermuda operations, and we expect to offer many new digital asset services from Bermuda over time. We will also continue our existing operations in the US, Ireland, the UK, and Hong Kong. While many governments around the world have not kept pace with the regulatory requirements driven by rapid innovation in digital asset businesses and crypto, Bermuda has leapt for
Trades publicly as Circle Expands with New Bermuda Ops & Digital Assets License.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 29%.
Round size and date are reported; the stage label is inferred from round size (latest is Growth/Late — a round over $400M). Valuation is modeled from stage benchmarks scaled by the crypto/web3 sector profile. Directional, not a quoted figure.
Benchmarked against 196 companies in Crypto / Web3. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 97% of sector peers (real $). Modeled value above 98% of peers (estimate).
A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.
Not enough valued peers in this cohort to chart positioning.
| Company | Stage | Raised · real | Value · est | vs peer med. |
|---|---|---|---|---|
| Hedera Hashgraph, LLC | Growth/Late | $800.6M | $27.4B | 1.31× |
| Circle International Bermuda Ltd this company | Growth/Late | $486.2M | $14.4B | 0.69× |
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Growth/Late | $486.2M | 2021-07-06 | $4.9B | $14.4B | 90% |
| Series D+ | $383.1M | 2021-07-06 | $3.2B | $10.7B | 90% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.
| Person | Role | Also runs | Tied since |
|---|---|---|---|
| Jeremy Allaire | — | 4 other | 2021-07 |
| Flavia Naves | — | — | 2021-07 |
Circle International Bermuda Ltd is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Discovered from circle — the partnerships, launches, hiring and press it publishes about itself. Evidence the company is alive and what it is doing now, not financial data.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| ConsenSys Software Inc. | Crypto / Web3 | Growth/Late | $600.8M | $10.0B | same sector · same stage |
| Hedera Hashgraph, LLC | Crypto / Web3 | Growth/Late | $800.6M | $27.4B | same sector · same stage |
| Forward Industries, Inc. | Crypto / Web3 | Growth/Late | $1.7B | $15.3B | same sector · same stage |
| Blockdaemon Inc. | Crypto / Web3 | Series D+ | $412.4M | $666.8M | same sector |
| Dapper Labs Inc. | Crypto / Web3 | Series D+ | $668.4M | $106.7M | same sector |
| Bluefin Topco, Llc | Crypto / Web3 | Series D+ | $700.0M | $14.7B | same sector |
| Payward, Inc. | Crypto / Web3 | Series D+ | $703.3M | $1.8B | same sector |
| The Sun Exchange | Crypto / Web3 | Growth/Late | $1.6M | $62.9M | same sector · same stage |
Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.
| Company | Sector | Stage | Value · est | Match |
|---|---|---|---|---|
| Cypher, Llc Crypto Neo-Bank (WhatsApp moment for bank accounts) | Computers | Seed | $6.2M | 79% |
| Partna Unlock African payments | Crypto / Web3 | — | — | 78% |
| Infinia Move money programmatically | — | — | — | 76% |
| Globe coinbase for derivatives | Fintech | — | — | 75% |
| Plumter Financial tools for cross-border trade | Crypto / Web3 | — | — | 75% |
| GoCardless We’re building the world’s bank payment network. | Fintech | — | — | 75% |
| Polar The smarter way to manage USD earnings globally | Fintech | — | — | 75% |
| NALA Building Payments for the Next Billion. | Crypto / Web3 | Series A | $161.1M | 74% |
See where Circle International Bermuda Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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