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Based in Berlin, Germany, Circula provides a B2B SaaS platform that utilizes artificial intelligence to automate employee expense management, corporate credit card transactions, per diems, and employee benefits. The enterprise software integrates directly with existing finance and payroll systems to ensure tax compliance and operational efficiency for mid-sized and large European businesses. The software platform currently serves over 3,000 corporate clients and supports more than 150,000 active end users while maintaining a net retention rate exceeding 135 percent. Its customer portfolio features notable organizations such as About You, DATEV, and Aston Martin. Circula has secured over $25 million in total global venture capital funding, including a €15 million financing round in 2025 backed by lead investors Capnamic Ventures and Storm Ventures. The company was founded in 2017 by Nikolai Skatchkov and Roman Leicht.
Circula has raised $30.0M across 2 funding rounds.
Circula has raised $30.0M in total across 2 funding rounds.
Circula has raised $30.0M across 2 funding rounds. Most recently, it raised $17.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2025 | $17M Series A | Charlotte Goggin | Peak, Storm Ventures, Alstin Capital, Capnamic Ventures | Announced |
| Jan 1, 2022 | $13M Series A | Peak, Storm Ventures, Alstin Capital | Capnamic Ventures, HW Capital, Main Incubator, Peak Capital, Wenvest Capital | Announced |
Circula has raised $30.0M in total across 2 funding rounds.
Circula's investors include Charlotte Goggin, Peak, Storm Ventures, Alstin Capital, Capnamic Ventures, HW Capital, Main Incubator, Peak Capital, WENVEST Capital.
Circula is a Berlin-based technology company specializing in AI-powered expense management software designed primarily for small and medium-sized European businesses. Its platform automates and centralizes employee expense reporting, including travel expenses, corporate credit cards, and employee benefits, ensuring compliance with tax and financial regulations. Circula serves companies by simplifying finance and payroll administration, reducing manual work by up to 80%, and integrating seamlessly with ERP, accounting, and HR systems. The company has gained significant traction, with over 150,000 employees using its platform and notable clients such as About You and Deutsche Fußball Liga[1][2][3].
Founded in 2017 in Berlin by CEO and co-founder Nikolai Skatchkov, Circula emerged from the need to streamline cumbersome and error-prone expense management processes faced by businesses. The founders leveraged their expertise in software development and finance to build a platform that automates expense reporting through AI, reducing manual data entry and compliance risks. Early adoption by prominent European SMEs and positive industry recognition helped Circula secure over $25 million in venture capital funding, fueling its growth and product development[1][2].
Circula rides the growing trend of digital transformation in finance and HR operations, particularly the automation of expense management for SMEs. The timing is favorable due to increasing regulatory complexity, the rise of remote and hybrid work requiring flexible expense solutions, and the broader adoption of AI in business processes. By reducing manual finance tasks, Circula enables companies to focus on strategic activities, influencing the fintech ecosystem by setting new standards for employee-centric, compliant, and automated expense management[1][3].
Looking ahead, Circula is poised to expand its market share in Europe and potentially beyond, leveraging AI advancements to enhance automation and user experience further. Trends such as increased remote work, demand for real-time financial insights, and integration of employee benefits into expense platforms will shape its evolution. Circula’s influence may grow as it helps redefine how SMEs manage finance and payroll, potentially expanding into adjacent financial services and deeper integrations with enterprise software ecosystems[2][3]. Its continued innovation and strong client base position it well for sustained growth and leadership in fintech expense management.
