Circula receives double-digit million amount

The corona pandemic hit the travel start-up hard. With an adapted business model, Circula has now been able to convince new investors.

Circula has raised fresh capital in a financing round. Carsten Maschmeyer's fund Alstin Capital led the round, and Peak from the Netherlands and Storm Ventures from the USA also participated. The human resources management start-up Personio also joined in.

At the beginning of the corona pandemic, the revenues of the start-up Circula had initially plummeted. As a result, Circula had adapted its business model: Corporate customers have since been able to bill expenses via the startup's app in addition to travel costs. "Overall, we doubled our customer base in 2020 despite Corona, and our user growth is even 150 percent. We reached the pre-crisis level in October 2020 and subsequently exceeded it," Circula founder Nikolai Skatchkov told the Gründerszene February of last year.

Nikolai Skatchkov and Roman Leicht founded Circula in 2017, a startup that offers an app for managing employee expenses, travel expense reports and employee benefits. Its customers include medium-sized companies and numerous startups, including, for example, N26, Amorelie and Sanity Group.