Circula, a Berlin, Germany-based B2B SaaS company, secured €12 million ($13 million) in Series A funding.
The investment was from investors including Peak Capital, Capnamic Ventures, Main Inkubator, Wenvest, and HW Capital.
Founded in 2007, Peak is a venture capital investment firm based in Amsterdam, Netherlands. The firm has additional offices in Berlin and Stockholm. The firm prefers to make investments in seed, early, and later-stage companies operating in the B2B and B2C SaaS, marketplaces sectors.
Capnamic Ventures is a venture capital firm that prefers to invest in seed-stage, early-stage, and later-stage companies. The firm seeks to invest in technology-based sectors in Austria, Germany, and Switzerland. Founded in 2013 and based in Cologne, Germany.
WENVEST Capital is a venture capital and private equity firm based in Munich, Germany, founded in 2000. The firm seeks to invest in pre-growth and growth companies operating in the areas of digital transformation, digital health, and climate solutions in DACH. They typically invest in early and late-stage venture, seed, and venture capital rounds.
Founded in 2012, HW Capital is a private investment holding based in Munich, Germany. The firm prefers to invest in public and private companies.
Circula Use of Funds
The company plans to use the funding to support its expansion into the Netherlands, as part of its broader global expansion plans.
The company, which initially launched in Spain last year, has expanded its offerings to include a fully digital expense and travel expense solution, company credit cards, and employee benefits.
Founded in 2017 by Nikolai Skatchkov and Roman Leicht, Circula is a B2B Software-as-a-Service company based in Berlin, Germany, offering companies an intuitive solution for employee expenses. The company combines travel and expense management, corporate credit cards, and employee benefits into an all-in-one software solution. The Circula software has been developed according to European tax standards and supports individualized expense and travel expense reporting to enable a seamless, uncomplicated, and tax-compliant process.
Company: Circula GmbH
Round: Series A
Funding Month: September 2023
Lead Investors: Peak Capital, Capnamic Ventures, Main Inkubator, Wenvest, and HW Capital
Company Website: https://www.circula.com/
Software Category: Expense Management and Benefits Administration Software