CircleIt Raises $5.1 in Series A Funding
- 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
- The company intends to use the funds to accelerate growth and its business reach
- The company 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
