What does Circula do?
Circula is a Berlin-based SaaS company that simplifies expense management for companies. Its AI-powered platform automates travel expenses, per diems, credit card transactions, and employee benefits to enhance efficiency and compliance.
How much did they raise?
The company secured €15M in funding with the round led by CIBC Innovation Banking, and investors including Capnamic Ventures, Alstin Capital, Peak, and Storm Ventures participated.
What are their plans for the money?
Circula intends to use the funds to expand its operations and further consolidate its market position, enabling more companies to optimize their expense processes.
What have they achieved so far?
The company has already made significant strides, with its solution being used by over 150,000 employees across European companies such as About You, DATEV, and Securitas.
