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The Venture Codex

Overview

Private equity firm investing in European circular economy SMEs.

Founded

2015

Deals · 12mo

0

Stage focus

Debt
Series B

Geographic focus

Denmark
Germany
Sweden
United Kingdom

Sector focus

Finance
Financial Services
FinTech
Venture Capital

Investment portfolio

13rounds
NAMEDATESIZE
Grover
Jul 2024Participated
$54 MOther Equity
TrusTrace
Jan 2024Led
$24 MOther Equity
Matsmart
Nov 2023Led
$44 MOther Equity
Motatos
Nov 2023Led
$44 MOther Equity
Winnow
Jun 2023Participated
$10 MSeries C
ACS Clothing
Nov 2022Led
$12 MOther Equity
the Bike Club
May 2022Led
$21 MSeries B
Lendis
Jan 2022Led
$91 MDebt
Grover
Apr 2021Participated
$72 MSeries B
Winnow
Oct 2019Participated
$12 MSeries B
Grover
Oct 2019Participated
$45 MDebt
Grover
Jul 2018Led
$43 MDebt
Grover
Jul 2024Participated
$54 MOther Equity
TrusTrace
Jan 2024Led
$24 MOther Equity
Matsmart
Nov 2023Led
$44 MOther Equity
Motatos
Nov 2023Led
$44 MOther Equity
Winnow
Jun 2023Participated
$10 MSeries C
ACS Clothing
Nov 2022Led
$12 MOther Equity
the Bike Club
May 2022Led
$21 MSeries B
Lendis
Jan 2022Led
$91 MDebt
Grover
Apr 2021Participated
$72 MSeries B
Winnow
Oct 2019Participated
$12 MSeries B
Grover
Oct 2019Participated
$45 MDebt
Grover
Jul 2018Led
$43 MDebt
13
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Insights

Time horizon

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Deal Distribution

Circularity Capital: 13 funding rounds are recorded in the selected participation categories.All available history.
Circularity Capital: 13 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B12
Series C+01
Other Equity51
Debt21

Monthly Deal Activity

Circularity Capital: 13 deals are recorded across 109 months.All available history.
Circularity Capital: 13 deals are recorded across 109 months. All available history
MonthDeals
Oct '171
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '181
Aug '180
Sep '180
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '192
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '232
Dec '230
Jan '241
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Circularity Capital: E-Commerce & Retail is the largest displayed sector by deal count (8 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Circularity Capital: E-Commerce & Retail is the largest displayed sector by deal count (8 deals). All available history
SectorDeals
E-Commerce & Retail8
Hardware & Robotics6
Networks, Cloud & Communication5
Enterprise Software5
Clean Energy & Sustainability4
AI & Machine Learning3
Data, Analytics & IT3
Consumer & Lifestyle2
Food & Agriculture2
Travel & Hospitality1
Professional Services1
Transportation & Logistics1

Deal Size Distribution

Circularity Capital: 13 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Circularity Capital: 13 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M5
$25M-$50M4
$50M-$100M3
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Circularity Capital: Europe has the largest recorded deal count among the displayed regions (13 deals).All available history.

Top 1 of 1 regions; European countries are grouped as Europe.

Circularity Capital: Europe has the largest recorded deal count among the displayed regions (13 deals). All available history
RegionDeals
Europe13
Circularity Capital: 20 co-investors are shown, with coparion sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Circularity Capital: Led accounts for 62% and participating for 38% of round participation.All available history.
Circularity Capital: Led accounts for 62% and participating for 38% of round participation. All available history
CategoryDeals (count)Share (%)
Led862%
Participating538%
Circularity Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics.All available history.
Circularity Capital: Single-lead accounts for 75% and co-led for 25% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead675%
Co-led225%

Team

Andrew Shannon

Co-Founding Partner, Head of Compliance, and Investment Committee Member

David Mowat

Co-Founding Partner & Investment Committee Member

Ian Nolan

Co-Founding Partner and Chair of Investment Committee

Jamie Butterworth

Co-Founding Partner & Investment Committee Member