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Shop Circle has raised £48m in a Series B funding round led by Nextalia Ventures, with participation from Endeavor Catalyst, NFX, QED Investors, 645 Ventures, 3VC, CDP Venture Capital, The Techshop, Primo Capital, GS Futures, and i80 Group. Founded by Luca Cartechini and Gian Maria Gramondi, the company provides AI-powered B2B software solutions designed to optimise business operations and drive growth.
With year-over-year revenue growth of 110% and two consecutive years of increasing profitability, Shop Circle is scaling its commerce-focused AI solutions to expand into new verticals. The funding will fuel further acquisitions, including its recent purchase of Aiden, an AI-powered guided selling software used by enterprise customers such as LG, Prenatal, and Intersport.
The capital will support Shop Circle’s goal of doubling revenues in the next 12 months while strengthening its position as a leading provider of AI-driven business solutions for over 120,000 businesses worldwide.
