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Concentric

Founders Denis Shafranik Kjartan Rist

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 68
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 34
Rounds per year 6.18
Lead investments 15
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Key employees 4

Areas of investment

  • Software
  • Financial Services
  • E-Commerce
  • Insurance
  • Banking
Summary

Concentric is the famous VC, which was founded in 2013. The company was established in Europe in United Kingdom. The main office of represented VC is situated in the London.

The fund was created by Denis Shafranik, Kjartan Rist. Besides them, we counted 3 critical employees of this fund in our database.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United Kingdom. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight DueDil, Digital Risks, Homeshift. We can highlight the next thriving fund investment areas, such as Cyber Security, Financial Services.

The typical startup value when the investment from Concentric is 1-5 millions dollars. The real fund results show that this VC is 36 percentage points more often commits exit comparing to other companies. The fund is generally included in 2-6 deals every year. The important activity for fund was in 2018. Deals in the range of 1 - 5 millions dollars are the general things for fund.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Concentric, startups are often financed by Pi Labs, Oak Investment Partners, London Co-Investment Fund. The meaningful sponsors for the fund in investment in the same round are London Co-Investment Fund, Belcube, VF Venture. In the next rounds fund is usually obtained by Belcube, Albion Capital Group, Venture Founders.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Concentric:
Typical Co-investors
Concentric is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Concentric:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Anchor Watch

Bitcoin
Cryptocurrency
Service Industry
$3M26 Sep 2023 Nashville, Tennessee, United States

Anchor Watch

Bitcoin
Cryptocurrency
Service Industry
$3M11 Sep 2023 Nashville, Tennessee, United States

ThingTrax

Cloud Data Services
Information Technology
Internet of Things
SaaS
$5M20 Jul 2023 London, England, United Kingdom

Unaric

SaaS
Software
Web Development
$10M28 Jun 2023 London, England, United Kingdom

Superscript

Commercial Insurance
Cyber Security
Insurance
InsurTech
$61M09 Jan 2023 London, England, United Kingdom

Debifi

21 Nov 2022 London, England, United Kingdom

NOAH

Apps
Financial Services
Software
26 Sep 2022 London, England, United Kingdom

Insly

Insurance
Software
$1M14 Sep 2022 London, England, United Kingdom

Galoy

Banking
E-Commerce
Payments
$4M03 Aug 2022 Mountain View, California, United States
News
Tesseract Raises $25M in Series A Funding

– Tesseract from Helsinki is an institutional digital asset lending company in Europe and emerging markets.
– The company raised $25m in Series A funding.
– The round was led by Augmentum Fintech with participation from Icebreaker.vc, BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute and Woorton as well as undisclosed local and international investors and strategic angels.
– The new investment will be used to develop the company’s institutional offerings and cross-trading venue margin lending platform even further, hire new talent to develop new and existing partnerships, and to boost innovation in new undisclosed financial products.

Memory.ai, the startup behind time-tracking app Timely, raises $14M to build more AI-based productivity apps

– Memory.ai, a productivity startup, raised $14m funding.
– The round was led by local investors Melesio and Sanden, with participation from Investinor, Concentric and SNÖ Ventures.
– The company plans to launch its next apps Dewo and Glue later in the year.

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Total investments 68
Average round size 14M
Rounds per year 6.18
Peak activity year 2018
Lead investments 15
Follow on index 0.50
Group Appearance index 0.81

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Anchor Watch

Bitcoin
Cryptocurrency
Service Industry
$3M26 Sep 2023 Nashville, Tennessee, United States

Anchor Watch

Bitcoin
Cryptocurrency
Service Industry
$3M11 Sep 2023 Nashville, Tennessee, United States

ThingTrax

Cloud Data Services
Information Technology
Internet of Things
SaaS
$5M20 Jul 2023 London, England, United Kingdom

Unaric

SaaS
Software
Web Development
$10M28 Jun 2023 London, England, United Kingdom

Superscript

Commercial Insurance
Cyber Security
Insurance
InsurTech
$61M09 Jan 2023 London, England, United Kingdom

Debifi

21 Nov 2022 London, England, United Kingdom

NOAH

Apps
Financial Services
Software
26 Sep 2022 London, England, United Kingdom

Insly

Insurance
Software
$1M14 Sep 2022 London, England, United Kingdom

Galoy

Banking
E-Commerce
Payments
$4M03 Aug 2022 Mountain View, California, United States
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