1.3 million euros for Circuly

The SaaS start-up from Bielefeld wants to continue to grow. Investors have shown their confidence in the company in the form of a second round of financing.

The start-up Circuly has raised its second round of financing amounting to 1.3 million euros. The early-stage VC fund Neoteq Ventures from Cologne, the Paderborn-based technology fund OWL and unnamed business angels participated in this round. The existing investors, including Cologne-based VC Venista Ventures, are also increasing their investment.

Circuly offers webshops a software add-on with which they can also rent out their products. "With Circuly, we offer companies the opportunity to quickly and easily introduce a rental or subscription model in their own e-commerce store. This allows them to act cost-efficiently and quickly without missing out on the market trend," says co-founder Victoria Erdbügger. Customers often forget how complicated renting is compared to selling. Circuly therefore offers a holistic solution. Its customers include Fahrrad.de and the scooter rental company Tier.

Circuly wants to continue to grow and hire more employees, as well as expand sales and product development. The start-up's team works completely remotely and is internationally positioned. "Until our seed round, I was the only German speaker in our team - English quickly emerged as the working language," says Erdbrügger. "This is now also attracting international talent."