Circula, a Berlin, Germany-based Software-as-a-Service (SaaS) company, announced that it raised €12 million (about $13.5 million) in Series A funding for its employee finance app that is bringing more time and money to employees.
The funding includes participation from ALSTIN Capital, Peak, and Storm Ventures. Existing investors Capnamic, Main Incubator, and WENVEST Capital are also participating again.
With the capital from the financing round, Circula will grow its team from 50 to 120 employees, further develop its product, and enter new European markets, the first one being the Netherlands.
Company: Circula GmbH.
Raised: €12.0M
Round: Series A
Funding Month: January 2022
Lead Investors: ALSTIN Capital, Peak, and Storm Ventures
Additional Investors: Capnamic, Main Incubator, and WENVEST Capital
Company Website: https://www.circula.com/
Software Category: Employee finance platform
About the Company: Founded in 2017, Circula offers mid-sized and large companies alike a consolidated platform for managing expenses, credit card payments, and corporate benefits in the areas that are important to every employee: meals, mobility, and home office. Circula offers companies a comprehensive employee finance app that can be used by employees to digitally process expenses and use employee benefits in a tax-compliant manner. It also provides employees with corporate credit cards with real credit lines, cashback, and real-time statements, seamlessly integrated with Circula workflows.
Source: https://www.eu-startups.com/2022/01/berlin-based-employee-finance-app-circula-scores-e12-million-and-plans-international-expansion/