As Galligan writes in the Medium post, “Farewell to Circa News”: Since the company’s founding in late 2011, Circa had raised just a little under $6 million in funding – with its latest round back in March of 2014. Last December, Nieman Lab’s Ken Doctor reported that the company was seeking an $8 million Series A round of funding. Then, in April of this year, Fortune’s Dan Primack reported that Circa was seeking a buyer, after failing secure additional venture capital funding. According to the Medium post, negotiations are currently taking place around Circa, meaning its technology could very well be likely found on another news platform. Galligan also requested that any publications looking to hire great writers contact Circa Editor-in-Chief Anthony De Rosa, as their whole team has already been laid off. This past March, Galligan joined at this year’s SXSW Interactive and shared with us some insights on how Circa came about. You can watch the full video below:
