Virgin Acquires CircleLending

Virgin USA has acquired a majority stake in CircleLending Inc., a Waltham, Mass.-based manager of loans between relatives, friends and other private parties. No financial terms were disclosed. CircleLending had raised $16 million in total VC funding from backers like Venrock, Monitor Company, Intel Capital and the Omidyar Network. www.virgin.com www.circlelending.com