Shop Circle Secures $60 Million Series B Funding Led by Nextalia Ventures

Nextalia Ventures, supported by Grant Thornton, has successfully completed the second investment from its fund, Nextalia Ventures, marking its first international move by leading a $60 million Series B funding round for Shop Circle. Shop Circle is a UK-based company specializing in B2B software solutions powered by artificial intelligence. The investment, split equally between equity and debt, aims to bolster Shop Circle’s growth strategy. Shop Circle provides scalable, high-potential applications designed to optimize workflow, improve decision-making, and support sustainable growth for businesses worldwide, currently serving over 120,000 entities from SMEs to large enterprises across various regions, including the U.S., Canada, Europe, and expanding markets like Latin America and Asia. The funding underscores strong investor confidence in the company’s business model. Francesco Canzonieri, CEO of Nextalia, emphasized the strategic importance of B2B software in their investment approach, while Shop Circle’s founders highlighted their impressive 110% year-over-year revenue growth and their ambitious goals to double this figure in the coming year.