Circular has raised $7.6 million in the recent seed funding round at $30 million valuation. The investment was led by AirTree Ventures, with participation from YC Continuity Fund (By Y Combinator), Global Founders Capital, Partech Ventures, January Capital, and some prominent angel investors.
Circular is a tech subscription service, focusing on the high end consumer electronics. As per the latest trend and consumer behavior, the consumers are more inclined towards subscription rather than buying. Be it luxury handbags, clothes and cars, or subscription of movies and music, consumers are adapting the subscription model. So to fulfill the market gap in the luxury consumer electronics market, the circular provides subscription services for the same.
The company’s co-founders are Nick Ramsay (CEO), Yaniv Bernstein (COO), Pantha Roy (CPO), and George Oliver (Head of Asset Operations), and it is headquartered in Singapore.