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Circeus | Shop Circle

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Acquires and scales mission-critical B2B software businesses. Formerly Shop Circle

London, United KingdomFounded 2021eCommerce & Marketplaces
Valuation $500M–1B Latest valuation · 2025
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Circeus | Shop Circle and the history behind them.

About Circeus | Shop Circle

Circeus is an AI-native software holding company that acquires and develops mission-critical B2B software businesses. Founded in 2021 by Luca Cartechini and Gian Maria Gramondi, the group was originally established as Shop Circle, with a strategy focused on acquiring and operating software products for e-commerce merchants and retailers.

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As its acquisition activity expanded beyond commerce into areas such as enterprise infrastructure, developer tools, data management, and other vertical software markets, the group introduced Circeus as its parent holding-company brand in 2026. Shop Circle remained in operation as Circeus’s retail and commerce software division rather than being discontinued or fully renamed. The new structure reflects the transformation of the business from an e-commerce application aggregator into a broader operator of mission-critical enterprise software.

Circeus follows a long-term ownership model, acquiring established software companies while generally preserving their brands, products, teams, and customer relationships. It provides portfolio businesses with centralized support in artificial intelligence, engineering, go-to-market strategy, customer service, finance, human resources, and procurement. Its internal AI capabilities are used to introduce new product functionality, automate operational workflows, and improve software development and customer support.

The group has assembled its portfolio through a series of acquisitions, including commerce applications and broader enterprise software businesses such as KrakenD, an API gateway platform. Its Shop Circle division offers tools for functions including subscriptions, product discovery, inventory management, pricing, promotions, shipping, and conversion optimization. Across the wider group, Circeus serves more than 200,000 businesses.

Circeus operates from London, Milan, and Sarajevo and is backed by investors including QED Investors, Nextalia, 3VC, 645 Ventures, CDP Venture Capital, and the European Bank for Reconstruction and Development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
London, United Kingdom
Employees
265
Open positions
15
Dealroom signal
83.0/100
Industry
Marketing, Enterprise Software
Sub-industry
Ecommerce Solutions
Sector
eCommerce & Marketplaces, Generative AI, genAI Applications, ai model layer, uk is8 creative industries
Business model
Marketplace & ecommerce, SaaS
Client focus
b2b
Investment activity
6 companies, latest Jul 2026
Capital deployed
Preferred round
ACQUISITION

Latest news

Press, funding announcements and product moves mentioning Circeus | Shop Circle.

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Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing Jun 2026 $0 European Bank for Reconstruction and Development
DEBTDebt Dec 2025 $100M I80 Group
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026
2025
2024
2023
2022
2021
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Growth signals

Circeus | Shop Circle website traffic

Latest recorded traffic for Circeus | Shop Circle is 43K monthly website visits, down 21.8% over the last three months. Circeus | Shop Circle's team grew 2.3% over the past year.

Latest monthly visits43K 3-month web change-21.8% 1-year team growth+2.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investors

15 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • SystemaNova

Series A12 investors entered at this stage

Series B and later2 investors entered at this stage

Team profiled 23 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
12 countries with
team presence
🇧🇦 Bosnia and Herzegovina45.3%
🇮🇳 India18.8%
🇬🇧 United Kingdom11.1%
🇮🇹 Italy9.4%
🇨🇴 Colombia7.7%
Top 5 of 12 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Circeus | Shop Circle on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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