Shop Circle Raises $65M in Funding

shop circle

Shop Circle, a London, UK-based technology-driven company that operates e-commerce software, raised $65 million in funding.

The round was led by NFX and QED Investors, with participation from 645 Ventures, FirstMinute Capital and Triple Point Capital.

The company intends to use the funds to scale by growing its portfolio of e-commerce apps and more than doubling its headcount.

Co-founded last year by Luca Cartechini and Gian Maria Gramondi, Shop Circle is a technology-driven company that provides e-commerce software to enable merchants and brands to achieve sustainable, next-level growth. It aims to create a one-stop-shop for tools that merchants and brands to meet their business goals, and spend less time on setup and troubleshooting, ultimately reducing costs.

Entrepreneurs can either sell their e-commerce apps directly to the company or join the Shop Circle team and scale their product with the company’s dedicated marketing, branding, partnership, product, content and tech teams.

Shop Circle launched in 2021 and currently oversees seven tools with more than 50,000 total customers.