Circle Internet Financial, Inc. announced that it will receive $60 million in series D round of funding led by returning investor IDG Capital Partners in January 2016. The transaction will include participation from new investors Baidu, Inc. (NasdaqGS:BIDU), CICC ALPHA (Beijing) Investment Fund Management Co., Ltd, China Everbright Investment Management Limited, Fenbushi Capital and CreditEase Business Consulting (Beijing) Co., Ltd., Sam Palmisano, Glenn Hutchins, and returning investors Breyer Capital and General Catalyst Partners. The round will raised at a post money valuation of $400 million.

As part of the round, Alex Norstrom will join the company's board of directors.