Circulate in a SEK 13 million funding round backed by J12 Ventures, Antler and angel investors.

Circulate, a Stockholm, Sweden-based startup buiding a B2B marketplace for packagin materials, announced that it raised SEK 13 million ($1.5M).

The money was raised from investors from Sweden, including J12 Ventures, Antler, DHS Venture Partners, as well as angels Borja Moreno de los Rios, Susanna Campbell, Madeleine Magnerius and Per Hallius. The round was also joined by a Greek packaging company called Flexopack.

Circulate, incubated at Antler in 2021 by CEO Karolina Ling-Vannerus, is working for the development of a B2B marketplace for sustainable packaging and a purchasing tool, and which targets small and mid-sized European product companies.