Circula Receives €15M Funding

Circula Receives €15M Funding

Circula, a Berlin, Germany-based expense management company, raised €15M in funding. The round was led by CIBC Innovation Banking with participation from Capnamic Ventures, Alstin Capital, Peak and Storm Ventures. The company intends to use the funds to expand operations and consolidate its market position. Founded in 2018 and led by CEO Nikolai Skatchkov, Circula is […] The post Circula Receives €15M Funding appeared first on FinSMEs.

Exclusively: The financial start-up of founder Nikolai Skatchkov collects new money. With its solution for expenditure management it is aimed at the German middle class, while the company wants to profit from AI. Circula receives a total of 15 million euros in a new funding, as the company reports. 3 million euros come from a change loan, the rest is invested by the investors new into the company. The existing financiers Alstin Capital of Carste…