CircleIt, a technology that gives users the ability to send cards, media and gifts to loved ones across time, has announced that it has secured $5.1M in series A funding. This series A round is 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. To date, TeleSoft has raised over $1 billion in capital.
Art Shaikh, CircleIt Founder, commented, “Today is truly a day for celebration; the technology that was inspired by my father’s gift of handmade cards left behind after his passing is destined to change the lives of families around the world.” Shaikh’s father passed away in 2012 and left letters, cards and gifts for him to deliver to family members on future holidays and occasions. It’s this unique sentiment that inspired Shaikh to build CircleIt.
With this series A funding, Shaikh plans to expand CircleIt aggressively. “We’ve been working together as a team remotely for about a year and a half,” said Shaikh, “and we’re excited to get our CircleIt family together under one roof.” The new global headquarters is located in the bustling river north area of downtown Chicago and already buzzing with excitement as Shaikh and his team prepare for the release of some new features in the near future.
“We recently released a physical gift store within our platform,” added Shaikh, “so members can order gifts to be delivered to any future date – even years down the road.” With 2,700+ orders since its launch in July of 2021, this new feature is sure to be a game-changer. Currently, ordering gifts within CircleIt is only available within the United States with a global launch planned for the near future. Shaikh adds, “we want our members to grow with us. Our goal is to become the global go-to platform for legacy planning, preservation and fulfillment.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.