Circa, the app that hoped to revolutionize mobile news consumption, is making some news of its own.
Both Fortune and the Wall Street Journal are reporting that Circa is up for sale.
“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.
