Concentric

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).

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

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

• Venture capital investing
• Early-stage technology funding
• Bitcoin ecosystem investments
• Fund-of-funds strategy
• Sector-specialist software investing

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. 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.
2. Fund Management (Management Fees): Standard VC fund management fee structure on committed capital across Concentric 02 and Timechain funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers11 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Ego Death CapitalcoreStrategic or Co-development Partner · 4 February 2025Concentric'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

Direct 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

• Xtwitter.com/concentricvc
• YouTubeyoutube.com/@concentricvc
• LinkedInlinkedin.com/company/concentric-ventures

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments91 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Concentric