CircleIt, a Chicago IL-based provider of a generational platform, raised $5.1M in Series A funding.
This series A round was driven by CircleIt founder Art Shaikh with participation from TeleSoft Partners, a Silicon Valley venture capital firm led by Arjun Gupta, and private investor Connor Crown.
The company intends to use the funds to accelerate growth and its business reach.
Led by Art Shaikh, CircleIt provides a generational platform that enables the secure creation and storage of digital memories, customizable cards and physical gifts to be delivered to a future date. The app has been downloaded more than 3 million times in 167 countries. With the anticipated Q3 release of their patented child accounts and SmartCards, they expect to reach 10 million members by Q1 of 2022.
Founded in 2018, the startup has 21 employees.
FinSMEs
02/09/2021