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Concentric is a venture capital firm founded in 2013, with offices in London and Copenhagen. The firm partners with founders across Europe to develop technologies that disrupt traditional markets and address significant societal challenges. Concentric has a strong focus on early-stage investments, adopting a hands-on, activist approach to venture capital. This strategy ensures close collaboration with portfolio companies to drive growth and innovation.
As of 2022, Concentric manages over €100 million in assets under management (AUM) and has made 45 investments across various sectors. The firm operates under a UK Limited Partnership structure, with a parallel Danish fund structure, and is regulated by the Financial Conduct Authority (FCA). Notable milestones include the launch of the Timechain initiative, which focuses on bitcoin-related investments, and the annual Concentric Investor Day, where updates on performance and portfolio developments are shared.
Concentric invests in a diverse range of sectors, including fintech, healthcare, industrial, artificial intelligence, cybersecurity, and the Internet of Things (IoT). The firm primarily targets early-stage companies, particularly at the Seed+ stage, with initial check sizes ranging from €0.5 million to €1.5 million. Concentric emphasizes a proactive involvement in the development of its portfolio, aiming to create impactful solutions that address pressing societal issues.
The firm’s investment thesis centers on building non-trivial solutions in disruption-ready sectors. Concentric seeks to partner with visionary founders who are committed to developing technologies that can significantly alter their respective markets. This hands-on, high-involvement approach fosters strong GP-founder relationships, allowing for tailored support and guidance throughout the investment lifecycle.
Concentric's portfolio includes 45 companies, with notable investments spanning various sectors. Key portfolio companies include:
Other notable companies in their portfolio include Superscript, a UK digital-first insurtech, and Merama, a LatAm e-commerce brand accelerator. Concentric has collectively raised over €800 million in follow-on capital for its portfolio companies, demonstrating a strong track record of supporting growth and successful exits.
Denis Shafranik — Founder and Managing Partner. Denis previously co-founded DN Capital and Korral Partners, leading over 100 transactions as an investor and advisor.
Kjartan Rist — Founder and Partner. Kjartan co-founded Concentric in 2014 and has nine years of experience at Barclays Investment Banking, with a focus on private equity and venture capital across Europe.
Alexander Mann — Partner. Alexander heads the Timechain Bitcoin fund and was promoted to Partner during the launch of Concentric 02.
Mark McDonald — Finance & Operational Partner. Mark brings extensive experience in financial management and operational strategy to the firm.
Ilya Belyaev — Venture Partner. Ilya contributes his expertise in venture capital and startup growth strategies.
Sinead Burns — Head of Operations. Sinead oversees operational functions and ensures efficient processes within the firm.
Niam Parmar — Head of Finance. Niam manages financial operations and reporting for Concentric.
Ellie Sellwood — Marketing and Communications Manager. Ellie handles the firm's marketing strategies and communications.
Mads Nielsen — Intern Analyst. Mads supports the team with research and analysis.
To pitch to Concentric, founders should visit their website at concentric.vc. The pitch deck should include a comprehensive overview of the business model, market analysis, and team qualifications. Concentric prefers warm introductions but will also consider direct applications through their website. Response times may vary, but founders can expect feedback within a few weeks.
Concentric operates the Timechain initiative, which focuses on investments in bitcoin-related ventures. This program is designed to identify and support startups that are innovating within the bitcoin ecosystem.
In recent months, Concentric has published several blog posts discussing topics such as assessing AI startups and investor decision-making processes. They released their Partner Letter, which provides insights into the firm's activities and updates. Additionally, Concentric hosted their annual Investor Day, where they updated investors on performance and portfolio developments.
As of September 2022, Concentric completed the first close of their second fund, Concentric 02, which focuses on early-stage investments. The firm has also been active in the bitcoin investment space through their Timechain initiative, which is the first of its kind in Europe.
What are Concentric's investment criteria?
Concentric focuses on early-stage companies, particularly at the Seed+ stage, across sectors such as fintech, healthcare, industrial, AI, cybersecurity, and IoT. The firm looks for startups that are developing non-trivial solutions to disruption-ready markets.
How can founders apply or pitch to Concentric?
Founders can pitch their ideas through the Concentric website at concentric.vc. It is recommended to include a clear business model, market analysis, and the team’s background in the pitch deck.
What makes Concentric different from other VC firms?
Concentric adopts a hands-on, activist approach to venture capital, ensuring close collaboration with portfolio companies. This model allows them to provide tailored support and guidance, which is often lacking in more passive investment strategies.
What is Concentric's geographic scope?
The firm primarily invests in early-stage companies across Europe, with a particular focus on markets that are ready for disruption.
What is Concentric's post-investment involvement like?
Concentric maintains a high level of involvement with its portfolio companies, providing operational support, mentorship, and access to their extensive network to help startups navigate challenges and scale effectively.
What is the typical fund size and check size for Concentric?
Concentric manages over €100 million in assets and typically leads rounds with initial check sizes ranging from €0.5 million to €1.5 million.
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