Shop Circle raises £96.3m in Series A funding led by 645 Ventures and 3VC to expand its e-commerce software suite.
The financing round was led by 645 Ventures and 3VC, with additional participation from QED Investors, NfX, and i80 Group.
Shop Circle is an artificial intelligence powered software platform that acquires and scales business to business software companies across Europe and North America.
Shop Circle has secured £96.3m in a Series A financing round combining equity and debt. The investment was led by 645 Ventures and 3VC, with participation from previous backers QED Investors and NfX, alongside a credit facility provided by i80 Group.
The company reports strong annual growth driven by its expanding collection of e-commerce enablement tools. Funds will support ongoing product development as the firm builds out its proprietary artificial intelligence applications and technology stack consultation programmes for online merchants.
The business currently serves more than 100,000 brands globally, drawing on a leadership team with experience across major technology firms. The fresh capital aims to accelerate scaling efforts and expand the reach of its merchant platform.
From the founder
"We’re thrilled to announce the successful close of our Series A funding round, which will enable us to continue building and expanding our suite of e-commerce tools,"
Luca Cartechini
Co-Founder and CEO at Shop Circle
Investor perspective
"Shop Circle’s vision to build a leading SaaS platform for the second wave of commerce brands aligns perfectly with our investment strategy, which is to back exceptional founders building differentiated businesses in large markets,"
Nnamdi Okike
645 Ventures
Use of funds
- 01Continue product development
Investors
Categories
About the company
Shop Circle
An artificial intelligence powered software platform acquiring and scaling vertical software businesses.