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CircleUp

North America, California, United States, San Francisco

Description

CircleUp is a distinctive investment firm based in San Francisco, specializing in providing capital and resources to innovative, early-stage consumer brands. The firm differentiates itself through a proprietary data-driven technology platform called Helio, which leverages vast amounts of consumer data to identify and evaluate high-potential companies. This analytical approach allows CircleUp to pinpoint emerging trends and promising brands in sectors such as food & beverage, personal care, and household products, aiming to mitigate risk and enhance investment success.

CircleUp's primary investment vehicle is CircleUp Growth Partners, which manages a series of venture capital funds. Through these funds, the firm typically focuses on Series A and Series B rounds for consumer companies demonstrating strong growth potential. Their typical first check size for these investments ranges from $3 million to $10 million, providing substantial capital to help brands scale their operations, expand distribution, and enhance marketing efforts. This strategic capital is often complemented by operational support and industry expertise from CircleUp's team.

The firm has successfully raised significant capital across its funds, underscoring its established presence in the consumer venture landscape. For instance, CircleUp Growth Partners Fund III closed in 2021 with $200 million in commitments, reflecting continued investor confidence in their data-driven strategy and focus on the consumer sector. With a portfolio that includes many well-known and rapidly growing consumer brands, CircleUp continues to be a key player in fostering innovation and growth within the consumer goods industry.

Investor Profile

CircleUp has backed more than 96 startups, with 0 new investments in the last 12 months alone. The firm has led 25 rounds, about 26% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Seed rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Food and Beverage, E-Commerce, Food Processing.
  • Typical check size: $3M – $10M.

Stage Focus

  • Series Unknown (40%)
  • Series A (22%)
  • Seed (16%)
  • Series B (10%)
  • Convertible Note (3%)
  • Private Equity (2%)
  • Series D (2%)
  • Angel (1%)
  • Series C (1%)
  • Undisclosed (1%)

Country Focus

  • United States (96%)
  • Canada (3%)
  • United Kingdom (1%)

Industry Focus

  • Food And Beverage
  • E-commerce
  • Food Processing
  • Organic Food
  • Health Care
  • Consumer Goods
  • Nutrition
  • Fashion
  • Beauty
  • Wellness
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does CircleUp frequently co-invest with?

Blueberry Ventures
North America, California, United States, Belvedere Tiburon
Co-Investments: 4
CS
North America, New York, United States, New York
Co-Investments: 2
301
North America, Minnesota, United States, Minneapolis
Co-Investments: 4
Imaginary Ventures
North America, New York, United States, New York
Co-Investments: 3
BC
North America, New York, United States, New York
Co-Investments: 2
S2G Ventures
North America, Illinois, United States, Chicago
Co-Investments: 3
TQ Ventures
North America, New York, United States, New York
Co-Investments: 3
Black Star Fund
North America, California, United States, Sacramento
Co-Investments: 2
GroundForce Capital
North America, California, United States, Los Angeles
Co-Investments: 3
F
Europe, Oost-Vlaanderen, Belgium, Lembeke
Co-Investments: 2

Which angels does CircleUp often collaborate with?

JM
Europe, Gloucestershire, United Kingdom, Berkeley
Shared Deals: 2
KM
North America, Arizona, United States, Phoenix
Shared Deals: 1
Abel Makkonen Tesfaye
North America, Ontario, Canada, Toronto
Shared Deals: 1
AR
North America, California, United States, San Francisco
Shared Deals: 1
David Bowden
North America, Pennsylvania, United States
Shared Deals: 1
BS
North America, California, United States, San Francisco
Shared Deals: 2
KH
North America, California, United States, Los Angeles
Shared Deals: 1
Shu Duan
Asia, Hong Kong Island, Hong Kong, Hong Kong
Shared Deals: 2
CA
North America, California, United States, Los Angeles
Shared Deals: 1
JB
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by CircleUp?

Partake Foods

Jersey City, New Jersey, United States

Partake Foods is a food and beverage company that specializes in selling allergy-friendly cookies.

E-CommerceFood and BeverageSnack FoodWellness
Series BOct 4, 2022
Amount Raised: $20,756,976
Koia

Los Angeles, California, United States

Koia is a food and beverage company that specializes in the production of plant-based protein drinks.

Alternative ProteinFood and BeverageManufacturingOrganic Food
Convertible NoteApr 15, 2022
Partake Brewing

Calgary, Alberta, Canada

Partake Brewing is the craft non-alcoholic beer brand.

Food and BeverageLocal Business
Series BMar 7, 2022
Amount Raised: $16,500,000
Everything Legendary

Lanham, Maryland, United States

Everything Legendary specializes in plant-based, gluten-free, and soy-free food.

Food and BeverageOrganic Food
Series AFeb 8, 2022
Amount Raised: $6,000,000
Sanzo

New York, New York, United States

Sanzo is the 1st Asian inspired sparkling water, using real fruit + no added sugar.

Consumer GoodsFood and BeverageFood Processing
Series AFeb 2, 2022
Amount Raised: $10,000,000
Mented Cosmetics

New York, New York, United States

Mented is a luxury beauty company targeted to women of color.

BeautyCosmetics
Series AJan 17, 2022
Amount Raised: $5,000,000
Three Spirit

London, England, United Kingdom

Three Spirit creates plant-based alternatives to alcohol by plant scientists and bartenders.

Food and Beverage
SeedAug 3, 2021
Amount Raised: $3,686,000
Verb Energy

New Haven, Connecticut, United States

Verb Energy makes healthy and delicious energy products for every day. Our flagship product is the Verb Caffeinated Energy Bar.

Food and BeverageFood Processing
Series UnknownJun 21, 2021
Amount Raised: $8,000,000
Los Sundays Tequila

Costa Mesa, California, United States

Los Sundays is a tequila company and lifestyle brand that offers 100% Blue Weber Agave Tequila.

Food and BeverageLifestyleWine And Spirits
Series AJun 16, 2021
Amount Raised: $3,500,000
Ohza

Duxbury, Massachusetts, United States

Ohza is a premium, ready-to-drink mimosa that uses quality sparkling wine and juice liked you'd use making your own.

Food and BeverageWine And Spirits
SeedJun 15, 2021
Amount Raised: $4,000,000