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    Circularity Capital

    Edinburgh, United KingdomFounded 2015

    Circularity Capital is a specialist private equity firm founded in 2015 and headquartered in Edinburgh, UK. The firm invests in growth-stage European businesses across manufacturing, consumer goods, and energy sectors that are enabling the circular economy, decoupling business growth from intense resource utilisation.

    38% of their portfolio is in Consumer. Their most common stage is series-b (44% of deals). Average disclosed round size is $42.5M (across 5 rounds with reported amounts).

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    Portfolio

    9

    Fund Size

    $236M

    Top Stage

    Series B

    Last 12 Mo

    0

    Team

    Andrew Shannon

    Andrew Shannon

    Partner

    Ian Nolan

    Ian Nolan

    Partner

    Jamie Butterworth

    Jamie Butterworth

    Partner

    Anders Berger

    Anders Berger

    Investment Director

    Nicola Keen

    Nicola Keen

    Operating Principal

    Andrew Eadie

    Andrew Eadie

    Senior Investment Associate

    Maximilian Bork

    Maximilian Bork

    Senior Investment Associate

    Arjune Shukla

    Arjune Shukla

    Investment Manager

    Jenny Boyd

    Jenny Boyd

    CFO

    Oliver Farzam

    Oliver Farzam

    Financial Controller

    Sarah Cunningham

    Sarah Cunningham

    PA & Office Manager

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    16 investments
    CompanyRoundAmountDate
    REBIKE logoREBIKEUnknown—Oct 2024
    Grover logoGroverBridge—Jul 2024
    REBIKE logoREBIKEGrowth—Jan 2024
    TTrusTraceUnknown$24MJan 2024
    Winnow logoWinnowSeries C$10MJun 2023
    Shark Solutions logoShark SolutionsGrowth—Oct 2022
    Bike Club logoBike ClubSeries B—May 2022
    Grover logoGroverSeries B$100MApr 2022
    CCERAFILTECGrowth—Jan 2022
    Bike Club logoBike ClubSeries B—Jan 2022
    Lendis logoLendisSeries A—Jan 2022
    Grover logoGroverSeries B$71MApr 2021
    Grover logoGroverSeries B—Jan 2021
    Winnow logoWinnowSeries B$7.4MOct 2017
    Lendis logoLendisSeries A——
    CCERAFILTECSeries B——

    Top Co-Investors

    Last updated: 7 October 2026