CircleUp, the US-based crowdfunding website backed by internet company Google among others, is seeking to raise $25m for a growth capital fund, according to an SEC filing.
Founded in 2005, CircleUp secured $14m from Google Ventures, Google’s venture capital fund, and several other investors in a series B round in March which followed a $7.5m Google Ventures-led series A round in May 2013.
SEC filings show CircleUp also raised $3.4m in funding across 2007 and 2008, and it secured $1.5m in 2012 from Maveron, Triple Point Capital and various angel investors, according to TechCrunch.
CircleUp operates as an investor marketplace where prospective investors can be linked with up-and-coming businesses.
The company has also recently partnered with venture capital firm Collaborative Fund to jointly invest $4m in B Corps, or benefit corporations, that aim to make a positive social or environmental impact and which are certified by non-profit organisation B Labs, the Wall Street Journal reported on Monday.