San Francisco based online consumer and retail goods crowdfunding marketplace CircleUp has raised $30m of Series C funding. Unlike its competitors such as AngelList, FundersClub, SeedInvest, and MicroVentures which also allow startups to raise funds online from accredited investors, CircleUp focuses strictly on the consumer goods sector.
CircleUp Network Inc., a startup that connects accredited investors with consumer goods and retail businesses, has raised a $30 million round of Series C venture funding led by Collaborative Fund. San Francisco-based CircleUp, which is known as a fundraising platform for anything but tech startups, has been a dark horse in the emerging industry of equity crowdfunding in the U.S. Other investors in the round included QED Investors, a fund run by Capital One COF -0.53% co-founder Nigel Morris and other former Capital One executives; Jon Winkelried, co-CEO of private equity giant TPG Capital; former Stanford Endowment Chief and a current managing director at Credit Suisse CSGN.VX -1.24%, John Powers; and Tom Glocer, the former CEO of Thomson Reuters and a current director with Morgan Stanley.
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