Circa, the app that hoped to revolutionize mobile news consumption, is making some news of its own.
“Circa is in talks with a number of different companies to acquire the company as a whole,” according to a company email quoted by the Journal. Fortune, which broke the news, said Circa was seeking a buyer “after failing to secure a new round of venture capital funding.” Fortune says the San Francisco startup’s 20-person staff was informed of the news Thursday afternoon, but no layoffs were planned.
Circa launched in 2012 as an online journalism startup co-founded by Seattle-based Cheezburger Network CEO Ben Huh. The goal was to redefine news presentation for mobile devices with apps for Android and iOS. Circa recently launched a version of its app for the Apple Watch.
The Journal says that, since its launch, Circa has raised more than $5 million from angel investors and venture-capital firms.