Who invested in Two Circles

3 rounds we have observed, with the 0 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.

Advertising & Adtech

Funding summaryUpdated 26 Oct 2026

$130Mraised across 3 rounds since 2021, from 3 sources

$1.3MRound$1.4MRound$128MRound

Latest round: Round, $128MOct 2024
Step-upi: 90.1×
Investors: 0

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.

202220232024

$1.3MRound$1.4MRound$128MRound

First round: Round, $1.3M
Biggest round: $128M
Usual gap between rounds: 2.7 years

The rounds

Oct 2024
Round$128M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
Mar 2024
Round$1.4M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet
Jul 2021
Round$1.3M
No investor was named in the report.
Shares issued, filed with Companies House (SH01); no report of this raise yet

Funding filed with regulators

Two Circles filed 4 raises, $130M in all. Filings say how much was sold and to how many investors; they never name the investors.

Dec 2024$33MUK share allotment
Oct 2024$95MUK share allotment
Mar 2024$1.4MUK share allotment
Jul 2021$1.3MUK share allotment

Also claim to have backed them

This firm lists Two Circles as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.