# Circularity Capital

> Circularity Capital is a VC fund in Edinburgh backing E-Commerce and SaaS. See 28 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Edinburgh, United Kingdom
- Total investments: 28
- Last investment: Oct 2024
- Lead investor: 54%
- Fund size: $215M
- Last fund: Apr 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/9468231/
- Website: http://www.circularitycapital.com

Circularity Capital is a specialist private equity firm investing in European growth SMEs operating in the circular economy.The company uses the circular economy as a framework to support investee businesses decouple their growth from resource constraints, enhance resource productivity and drive competitive advantage.The team has specificexpertise and a powerful network in the circular economy which we use to identify, source and secure proprietary investment opportunities and add value to portfolio businesses through access to talent, market information and new business development opportunities. The company's investors include financial institutions, global corporations and leading family offices.At the heart of Circularity’s ability to create value for investors is its focus on combining specialist expertise in the circular economy with institutional quality private equity experience.

## Contacts

5 contacts available for Circularity Capital. Shizune tracks 5 team members at Circularity Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/circularity-capital?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| E-Commerce | 5 | 18% |
| SaaS | 3 | 11% |
| Food and Beverage | 3 | 11% |
| Information Technology | 3 | 11% |
| Rental | 2 | 7% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 5 | 18% |
| Series A | 4 | 14% |
| Series B | 4 | 14% |
| Venture - Series Unknown | 3 | 11% |
| Series C | 2 | 7% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 5 | 18% |
| Germany | 3 | 11% |
| Sweden | 2 | 7% |
| Denmark | 2 | 7% |
| Spain | 1 | 4% |

7 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Mowat | Co-Founding Partner & Investment Committee Member | 4 | https://shizune.co/investors/profile/david-mowat |
| Jamie Butterworth | Co-Founding Partner & Investment Committee Member | 6 | https://shizune.co/investors/profile/jamie-butterworth |
| Anders Brejner | Executive | 2 | https://shizune.co/investors/profile/anders-brejner-d076 |
| Andrew Shannon | Co-Founding Partner, Head of Compliance, and Investment Committee Member | 5 | https://shizune.co/investors/profile/andrew-shannon-2 |
| Ian Nolan | Co-Founding Partner and Chair of Investment Committee | 3 | https://shizune.co/investors/profile/ian-nolan-7b6c |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rebike Mobility | Rebike Mobility purchases new E-Bikes from tier 1 manufacturers and brands like Winora/Haibike, Husqvarna, Flyer, KTM, and Orbea. After renting the E-Bikes to businesses and consumers subscription, the fully refurbished E-Bikes are sold with a 2 yr. warranty on rebike.com. Rebike Mobility also purchases used stock of E-Bikes and sell themfully refurbished to consumer. | $14M |  | Oct 23, 2024 |  |
| Rebike Mobility | Rebike Mobility purchases new E-Bikes from tier 1 manufacturers and brands like Winora/Haibike, Husqvarna, Flyer, KTM, and Orbea. After renting the E-Bikes to businesses and consumers subscription, the fully refurbished E-Bikes are sold with a 2 yr. warranty on rebike.com. Rebike Mobility also purchases used stock of E-Bikes and sell themfully refurbished to consumer. | $14M |  | Oct 23, 2024 |  |
| Grover | Grover is a platform that enables users to subscribe to tech products monthly instead of buying them.The product-as-a-service company gives the freedom of renting by bringing the access economy to the consumer electronics market and offering a simple, monthly subscription model for the best in tech. It allows private customers, as well asbusinesses, to get access to a wide assortment of over 1500 tech products such as smartphones, laptops, virtual reality (VR) gear, and wearables profiting from the flexibility and full usage rights at a fraction of the purchase price.Michael Cassau established Grover in Berlin, Berlin, Germany in 2015. | $54.5M | Venture - Series Unknown | Jul 18, 2024 |  |
| Grover | Grover is a platform that enables users to subscribe to tech products monthly instead of buying them.The product-as-a-service company gives the freedom of renting by bringing the access economy to the consumer electronics market and offering a simple, monthly subscription model for the best in tech. It allows private customers, as well asbusinesses, to get access to a wide assortment of over 1500 tech products such as smartphones, laptops, virtual reality (VR) gear, and wearables profiting from the flexibility and full usage rights at a fraction of the purchase price.Michael Cassau established Grover in Berlin, Berlin, Germany in 2015. | $54.5M | Venture - Series Unknown | Jul 18, 2024 |  |
| TrusTrace | TrusTrace is a Software as a Service (SaaS) company providing a platform dedicated to product traceability and compliance. The technology developed by the company empowers global brands and suppliers to standardize the capture, digitization, and sharing of supply chain and material traceability data. By consolidating all reliable supply chaintraceability data on a single platform, brands can substantiate product claims and adhere to regulatory compliance with the appropriate evidence readily available. | $23.9M | Series B | Jan 18, 2024 |  |
| Motatos | Motatos is an online retail store that offers a wide variety of food, beverages, and household products to customers. | $43.8M | Venture - Series Unknown | Nov 20, 2023 |  |
| Matsmart | Matsmart sells surplus food online. A major part of the food would otherwise be thrown away due to packaging changes, short or expired expiry dates or other reasons. During 2017, Matsmart saved 2022 tonnes of food from going to waste. The company has seen explosive growth, reaching recurring revenues of SEK 200 million. Matsmart was founded by KarlAndersson, Erik Södergren and Ulf Skagerström, and launched in Sweden in 2014. Since then, the company has also expanded to Norway and Finland. Long live the food! | $43.7M | Series D | Nov 20, 2023 |  |
| CEMAsys.com | CEMAsys.com specializes in carbon data management, carbon offsetting, sustainable strategy development, and EU taxonomy. |  | Private Equity | Aug 15, 2023 |  |
| Winnow | Winnow builds artificial intelligence tools to help chefs run more profitable and sustainable kitchens by cutting food waste in half. They develop technology to cut food waste in their operations. Their digital tools provide data to drive improvements in kitchen production processes and reduce environmental footprint.Winnow's mission is toconnect commercial kitchen, create a movement of chefs, and inspire others. The company was founded in 2013 and is headquartered in London, England, United Kingdom. | $10M | Series C | Jun 13, 2023 |  |
| Cerafiltec | Cerafiltec provides filtration technology along with the essential engineering design and operating services. This enables our local partners to offer the most competitive and reliable treatment solution to their end customers. Cerafiltec was established in 1993 in Dubai, United Arab Emirates. | $31.5M | Private Equity | Dec 07, 2022 |  |

10 of 28 investments shown.

## Co-investors
- [Augmentum Fintech](https://shizune.co/investors/profile/augmentum-fintech) — VC Fund, 6 deals together
- [coparion](https://shizune.co/investors/profile/coparion) — VC Fund, 6 deals together
- [Samsung NEXT](https://shizune.co/investors/profile/samsungnext) — VC Fund, 5 deals together
- [Decathlon Pulse](https://shizune.co/investors/profile/decathlon-pulse) — VC Fund, 4 deals together
- [Vorwerk Ventures](https://shizune.co/investors/profile/vorwerk-direct-selling-ventures) — VC Fund, 4 deals together
- [Mustard Seed](https://shizune.co/investors/profile/mustard-seed) — VC Fund, 3 deals together

## Similar investors

### Similar industry
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund

### Similar stage
- [Foresight Group](https://shizune.co/investors/profile/foresight-group) — VC Fund
- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

### Similar country
- [HTGF (High-Tech Gruenderfonds)](https://shizune.co/investors/profile/high-tech-gr%C3%BCnderfonds) — VC Fund
- [HV Capital](https://shizune.co/investors/profile/holtzbrinck-ventures) — VC Fund
- [IBB Ventures](https://shizune.co/investors/profile/ibb) — VC Fund

## Featured in investor lists
- [Consumer Investors in Germany](https://shizune.co/investors/consumer-investors-germany)
- [Consumer VC Funds in Germany](https://shizune.co/investors/consumer-vc-funds-germany)
- [Sustainability VC Funds in Germany](https://shizune.co/investors/sustainability-vc-funds-germany)
- [Impact VC Funds in Germany](https://shizune.co/investors/impact-vc-funds-germany)
- [Sustainability Investors in Germany](https://shizune.co/investors/sustainability-investors-germany)
- [Impact Investors in Germany](https://shizune.co/investors/impact-investors-germany)

## FAQ

### What does Circularity Capital invest in?

Circularity Capital invests primarily in E-Commerce, SaaS and Food and Beverage startups, most often at Private Equity and Series A stage. Most of the 28 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Circularity Capital?

Public channels for Circularity Capital include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Circularity Capital?

The team at Circularity Capital includes David Mowat (Co-Founding Partner & Investment Committee Member), Jamie Butterworth (Co-Founding Partner & Investment Committee Member) and Anders Brejner (Executive). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co