Spencer Trask & Co. Nets Public Stake in Circle Internet Group at NYSE Debut
- Editor
- Jun 6
- 2 min read
Whats Happening:
Spencer Trask & Co., an advanced-technology development firm, has announced that its 2019 sale of crowdfunding platform SeedInvest to Circle Internet Financial Ltd. has resulted in a public stake following Circle's successful IPO on June 5. This development validates Spencer Trask's early discovery and investment in SeedInvest, which built the largest equity crowdfunding platform in the U.S. before being acquired by Circle just before the launch of USDC, Circle's dollar-backed stablecoin.
Key Moves:
Spencer Trask's 2019 sale of SeedInvest to Circle results in public stake after Circle's IPO
Circle successfully completes IPO on NYSE on June 5
SeedInvest, backed by Spencer Trask, became largest U.S. equity crowdfunding platform before Circle acquisition
By The Numbers:
SeedInvest connected 850,000 investors with over 500 startups
USDC has powered more than $25 trillion in on-chain transactions overall
USDC transactions reached $5.9 trillion in Q1 2025, a 500% year-over-year increase
Key Quotes:
"The Circle IPO is a landmark moment for the future of the global financial system," said Kevin B. Kimberlin, Chairman of Spencer Trask & Co.
"Yesterday's IPO marks a major milestone for both Circle and everyone who helped build SeedInvest," said Ryan Feit, founder and CEO of SeedInvest.
"With Circle now listed on the NYSE, investors are boarding the train we identified at its inception," Kimberlin added.
Bottom Line:
Spencer Trask & Co.'s early investment in SeedInvest and subsequent sale to Circle has paid off with Circle's successful IPO. This outcome validates Spencer Trask's strategy of discovering and backing transformative technologies, particularly in the fintech sector. The success of USDC and Circle's public listing underscores the growing importance of digital currencies and blockchain technology in the global financial system.
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