Case Study: Circle achieves 115.48% net IRR in 12 months with EquityBee

Circle achieves 115.48% net IRR in 12 months with EquityBee

Circle Internet Group, a financial technology company and issuer of the USDC stablecoin, sought to provide its employees with a way to realize the value of their stock options prior to the company's IPO. The challenge was to facilitate this process for employees while also creating a new investment opportunity. This was addressed through a partnership with Equitybee, which provided its platform for funding employee stock options.

Equitybee facilitated the funding of stock option packages for Circle employees in October 2024. This solution allowed outside investors to access Circle's equity at a significant discount. The results were substantial; Circle went public 12 months later, and Equitybee investors achieved a median net IRR of 115.48% and a 2.1x multiple on invested capital, significantly outperforming later-stage venture capital investors due to the advantageous entry price.

Circle Internet Group