Concentric
Concentric is a London-based activist venture capital firm investing seed+ to Series B across European software businesses in financial services, insurance, logistics, real estate, mobility, and industrials, complemented by a Bitcoin-focused sub-fund (Timechain) and a Fund-of-Funds vehicle.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Concentric does
Concentric is an activist venture capital firm founded in 2013 and headquartered in London, with a secondary office in Copenhagen and a presence covering Europe and emerging markets. The firm invests in early-stage software-driven businesses (seed+ through Series B) that automate or modernise traditional sectors including financial services, insurance, logistics, real estate, mobility, and industrials. Concentric operates three distinct investment vehicles: the core Concentric fund (with Concentric 02 as its second main vehicle) focused on sector-defining European founders; Timechain, a dedicated $21 million Bitcoin ecosystem sub-fund launched in 2022 targeting infrastructure, payments, and financial products built on Bitcoin; and a Fund-of-Funds launched the same year that gives LPs exposure to complementary managers across sectors, stages, and geographies.
The firm is structured as Concentric Team LLP, authorised and regulated by the UK's Financial Conduct Authority, with a small team (1–10 employees) led by founders Denis Shafranik and Kjartan Rist, supplemented in 2026 by promoted Partner Alex Stroud and functional heads for finance and operations. Its go-to-market is direct, founder-led deployment of venture tickets, typically leading or co-leading rounds, combined with intensive post-investment support spanning strategic input, senior hiring, business development introductions, and board-level oversight. Distribution to LPs and the broader founder community is supported by a content-led presence (the Thinking blog, 43+ Partner Letters, the Build with Bitcoin podcast), earned media (Forbes, Finextra, Maddyness), and investor events.
Economically, Concentric earns standard venture fund economics: management fees on committed/deployed capital across Concentric 02, Timechain, and the Fund-of-Funds, alongside carried interest realised through exits. Approximately 21 portfolio companies have been backed, with around 80% reported as having reached break-even or raised follow-on capital; recent investment activity spans Bitcoin infrastructure (Relai, Breez, Fedi), payments (Paypercut, BVNK), AI for regulated industries (Visium SA), and accelerators/venture vehicles (Andrena Ventures, Opal Ventures).
Concentric firmographics
Firmographics- Name
- Concentric
- Legal name
- Concentric Team LLP
- Website
- https://concentric.vc
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Concentric is a London-based activist venture capital firm investing seed+ to Series B across European software businesses in financial services, insurance, logistics, real estate, mobility, and industrials, complemented by a Bitcoin-focused sub-fund (Timechain) and a Fund-of-Funds vehicle.
- Ownership category
- akta.pro rank
Concentric industry classification
Industry- Product category
- Venture Capital Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
Keywords
Where Concentric is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
Concentric business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Venture Capital Returns (Carried Interest): Concentric generates returns through equity stakes in early-stage portfolio companies. Returns are realised through exits (acquisitions, IPOs) and follow-on funding rounds that dilute but increase value of retained stakes. The firm also earns management fees on deployed capital.
- Fund Management (Management Fees): Standard VC fund management fee structure on committed capital across Concentric 02 and Timechain funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Seed+ to Series B investment tickets |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Concentric product offering
Product offeringCore offering
Concentric is an activist venture capital firm that deploys patient early-stage capital (seed+ through Series B) into software-driven European technology companies operating in financial services, insurance, logistics, real estate, mobility, and industrials. Beyond the core Concentric 02 fund, the firm runs Timechain, a dedicated $21m Bitcoin-ecosystem equity fund, and a Fund-of-Funds strategy that invests in complementary managers across sectors, stages, and geographies. The firm takes board rights and provides hands-on strategic, hiring, and operational support to its portfolio companies.
Product overview
Concentric operates as a unified platform comprising three main investment offerings: the core Concentric activist venture fund (Concentric 02) investing in early-stage European tech across sectors like fintech, insurtech, proptech, marketplaces and industrials; Timechain, a Bitcoin-focused sub-fund deploying capital in bitcoin-only infrastructure companies; and a Fund of Funds investing in complementary managers. The firm is authorized and regulated by the UK's Financial Conduct Authority.
Differentiator
Problem solved
Functional benefit
Products and services
- Concentric (Core Activist Venture Fund) The main activist venture capital fund that invests in early-stage European technology companies at seed+ through Series B, with sector focus on financial services, insurance, logistics, real estate, mobility, and industrials. Offered to Limited Partners as a multi-year fund commitment vehicle, operated from London and Copenhagen.
- Timechain A dedicated $21m Bitcoin-focused equity venture capital fund under Concentric that invests in early-stage companies building on Bitcoin, covering infrastructure, payments, and financial products. Portfolio companies include Relai, LN Markets, Breez, NYDIG, Fedi, Debifi, Galoy, and Unmapped.
- Fund of Funds A fund-of-funds strategy launched in 2022 that invests in complementary fund managers across specific sectors, stages, and geographies that align with Concentric's investment interests and style. Offered to family offices and institutional LPs as a diversified early-stage VC exposure vehicle.
Quantifiable outcome
- ~80% of Concentric's portfolio has reached break-even or raised follow-on capital
- +4 more outcomes
Companies that use Concentric
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
Concentric technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Concentric partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Ego Death CapitalcoreConcentric's Timechain and Ego Death Capital co-hosted 'The Bitcoin Economy' event in New York in January 2025, and co-invested in Breez's $5M round. The partnership combines Timechain's Bitcoin-focused VC expertise with Ego Death Capital's ecosystem knowledge.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Concentric competitors and assessment
Company assessmentDirect peers
- Ego Death Capital: New York-based Bitcoin-only venture firm and Concentric's Timechain co-investment partner (e.g., Breez), the most direct peer to Timechain's Bitcoin-specialist strategy.
- Index Ventures: London-based pan-European early-to-growth VC with strong sector specialisation in fintech and enterprise software, the most direct large-scale comparable to Concentric's sector-focused European thesis.
- Speedinvest: Vienna-based European sector-focused early-stage VC with dedicated vertical funds (fintech, deeptech, health, etc.), directly comparable to Concentric's vertical-by-vertical sector approach and seed+ ticket size.
- Atomico: London-based European early-to-growth VC investing across consumer, enterprise, and fintech, with similar European-centric geographic mandate and a comparable mix of sector thought leadership.
- Notion Capital: London-based European VC specialising in B2B SaaS and fintech, the closest direct competitor to Concentric's financial-services and SaaS-focused seed+ strategy.
- Northzone: Stockholm/London-based pan-European early-to-growth VC with Nordic roots, comparable to Concentric's London/Copenhagen footprint and broad European sector coverage.
- Octopus Ventures: UK-based early-to-growth VC backing European tech founders, the most directly comparable UK-based generalist early-stage peer by stage and geographic focus.
- LocalGlobe: London-based seed-stage VC focused on UK and European founders, the closest direct comparable to Concentric's seed+/Series A ticket sizes and activist early-stage approach.
- Earlybird Venture Capital: Berlin-based pan-European sector-focused VC with dedicated industry verticals, directly comparable to Concentric's vertical-specialist European model.
- Connect Ventures: London-based seed-stage European VC backing fintech and digital product companies, comparable to Concentric by stage, geography, and a portion of sector focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Concentric social profiles
Digital presenceConcentric financial estimates
Financial estimateRevenue estimate
Valuation estimate
Concentric leadership team
Management profileNumber of profiles
Profiles8 records
Concentric subsidiaries and ownership
Company hierarchySubsidiaries1 record
Concentric funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Concentric M&A and investment
M&A and investmentM&A
Investments91 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Concentric
What does Concentric do?
Concentric is an activist venture capital firm that deploys patient early-stage capital (seed+ through Series B) into software-driven European technology companies operating in financial services, insurance, logistics, real estate, mobility, and industrials. Beyond the core Concentric 02 fund, the firm runs Timechain, a dedicated $21m Bitcoin-ecosystem equity fund, and a Fund-of-Funds strategy that invests in complementary managers across sectors, stages, and geographies. The firm takes board rights and provides hands-on strategic, hiring, and operational support to its portfolio companies.
Is Concentric a public or private company?
Concentric is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Concentric founded?
Concentric was founded in 2013. It employs 1 to 10 people.
Where is Concentric based?
Concentric is headquartered in London, United Kingdom, in the Europe region.
How does Concentric make money?
Two revenue lines are on record. Venture Capital Returns (Carried Interest) is the primary driver. The others are fund Management (Management Fees).
Who are Concentric's main competitors?
Direct peers on record are Ego Death Capital, Index Ventures, Speedinvest, Atomico, Notion Capital, Northzone, Octopus Ventures, LocalGlobe, Earlybird Venture Capital and Connect Ventures.
Does Concentric have an API?
No public API is recorded for Concentric.
What industry is Concentric in?
Concentric's product category is Venture Capital Management. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6282.