According to the BBJ, Circle Internet Financial, a digital currency startup based in Boston run by Brightcove founder Jeremy Allaire, has raised $50 million in Series C funding, led by both investment banking firm Goldman Sachs and China-based IDG Capital Partners.

Existing investors that joined the round include Breyer Capital, General Catalyst Partners, Accel Partners, Oak Investment Partners, Fenway Summer, Digital Currency Group, Pantera Capital, and strategic individuals.

Circle Internet Financial is a privately held digital currency company based in Boston and with international operations headquartered in Dublin, Ireland. The company was founded in 2013 by Internet pioneer and serial entrepreneur Jeremy Allaire. Circle's forthcoming products will include online services for both consumers and merchants seeking to adopt and use Bitcoin and digital currency for payments and money transfers.