# Circular11 funding: rounds and investors

> Circular11 has raised $3.5M across 2 rounds since 2023. Investors include Innovate UK and The FSE Group. Every round with its source.

Source: https://millionrounds.com/company/circular-11 (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Venture startup](https://millionrounds.com/companies)

# Who invested in *Circular11*

2 rounds we have observed, with the 2 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Construction

Raised 5 months ago

Funding summary Updated 26 Oct 2026

**$3.5M** raised across 2 rounds since 2023, from 2 sources

**$264K** Round **$3.2M** Venture

- **Latest round:** Venture, $3.2M Jun 2026
- **Step-up i:** 12.1×
- **Investors:** 2

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2023 2024 2025 2026

**$264K** Round

**$3.2M** Venture

- **First round:** Round, $264K
- **Biggest round:** $3.2M
- **Between rounds:** 3.3 years

## The rounds

- **Jun 2026** Venture **$3.2M** *2 new* [Innovate UK](https://millionrounds.com/fund/innovate-uk) [The FSE Group](https://millionrounds.com/fund/the-fse-group) Source recorded
- **Mar 2023** Round **$264K** No investor was named in the report. Shares issued, filed with Companies House (SH01); no report of this raise yet

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2023 **Venture** 2026 [Innovate UK](https://millionrounds.com/fund/innovate-uk) [The FSE Group](https://millionrounds.com/fund/the-fse-group)

## Everyone who backed them

[Innovate UK](https://millionrounds.com/fund/innovate-uk) VC firm **1** round

[The FSE Group](https://millionrounds.com/fund/the-fse-group) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=circular-11).

## Also claim to have backed them

These 2 firms list Circular11 as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Oxford Innovation Finance](https://millionrounds.com/fund/oxford-innovation-finance) Angel network Per its own site

[SURREY INVESTORS CLUB LIMITED](https://millionrounds.com/fund/surrey-investors-club-limited) Angel network Per its own site

## Quick answers about Circular11

### Who invested in Circular11?

Circular11's investors include Innovate UK and The FSE Group.

### How much has Circular11 raised?

Circular11 has raised $3.5M across 2 rounds since 2023.

### When did Circular11 last raise?

Circular11's most recent round was a Venture of $3.2M in Jun 2026.

### What was Circular11's biggest round?

Its most recent round, $3.2M in Jun 2026, is also its largest on record.

### Who backed Circular11 first?

Circular11's first round on record, in Jun 2026, was backed by Innovate UK and The FSE Group.

### What stage is Circular11 at?

Circular11's latest named round is a Venture, in Jun 2026.

### Where is Circular11 based?

Circular11 is based in the United Kingdom.

## Companies like Circular11

In the same sector, and raised in the last eighteen months.

[**Marrow** $2.0M · Oct 2026](https://millionrounds.com/company/marrow)[**Adaptavate** $15M · Oct 2026](https://millionrounds.com/company/adaptavate)[**Penelope Health** $100M · Sept 2026](https://millionrounds.com/company/penelope-health)[**Callosum** $110M · Aug 2026](https://millionrounds.com/company/callosum)[**Materials Market** $8.7M · Aug 2026](https://millionrounds.com/company/materials-market)[**MS3 Networks** $136M · Jul 2026](https://millionrounds.com/company/ms3-networks)

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