Concentric
18 Balderton Street, London, W1K 6TG, United Kingdom
Overview
Concentric invests into software-driven technology businesses that are solving real problems, automating traditional economy sectors like financial services, mobility, real estate, industrial, logistics etc. Concentric was founded in 2013 by Kjartan Rist and Denis Shafranik - active European venture investors for the past 20 years. Through its activist venture approach, the Concentric team provides significant value-add to the portfolio companies through their diverse experience and network in the European technology field. The fund has offices in London and Copenhagen and invests between € 0.5 - 5m over the life of an early-stage growth company, across the major Northern European tech hubs.
- Total investments
- 21
- Lead investments
- 11
- Investments · 12mo
- 1
- Active investors
- 8
Sector focus
- Finance
- Financial Services
- FinTech
- Internet
- Software
- Venture Capital
Investment portfolio
- Paypercut
Led · Seed · Jun 2026
Paypercut provides a full payments stack for online merchants across Central and Eastern Europe via a single integration, combining card payments, local payment methods, and multiple Buy Now Pay Later providers. Since its EUR 2M pre-seed in July 2025 the company has expanded to serve over 200 merchants across eight CEE markets and evolved from a BNPL aggregator into a full payments platform. Key product features include multi-currency settlement, onboarding fully online in days, payment links and QR payments, and an Express Checkout launching to enable one-tap Apple Pay and Google Pay flows. Paypercut operates through licensed and regulated partners across the EEA and has submitted its own EMI application with the Central Bank of Ireland, expecting authorisation in Q4 2026. The company is also developing stablecoin-based rails for high-volume non-euro corridors (starting with EUR-to-PLN and EUR-to-RON) and has a roadmap extending into treasury, FX, payouts, and embedded financial services.
- Aeon
Led · Seed · Jun 2025
Aeon provides a 60-minute, full-body preventive health check-up that integrates full-body MRI scans, advanced blood biomarkers, and genetic insights into a single clinical workflow reviewed by board-certified physicians and radiologists. The platform uses AI for automated imaging analysis, cross-validation across modalities to reduce false positives, and predictive modelling to produce personalized risk profiles covering over 500 conditions. Since launching in 2024, Aeon has detected early-stage cancers, aneurysms, Alzheimer’s and other conditions, including a case of previously undiagnosed kidney cancer that enabled life-saving surgery. The company reports a 0% false positive rate in clinical-grade follow-ups to date, which it cites as a key differentiator against overdiagnosis. Aeon has secured reimbursement-eligible status with Swiss insurers and has signed deals with Switzerland’s largest providers, including KPT, to make the checks more accessible. The team is led by CEO Tim Seithe and CPO Samuel Frey, with scientific advisor Dr. Andreas Lemke; planned next steps include geographic expansion and scaling its clinical network.
- Thingtrax
Led · Series A · Jul 2023
Thingtrax provides an IoT SaaS manufacturing performance platform that captures and analyses real-time manufacturing operations data to drive productivity and process improvement across manufacturing operations. The platform integrates with over 300 devices and protocols and leverages cloud computing, robotics, IIoT, AI and computer vision. Thingtrax's integrated solution is designed to help manufacturers improve efficiency and reduce costs. The company was founded in 2015 by Aman Gupta and Imran Shafqat and is led by CEO Paul Reader. It intends to use the new funding to develop strategic partnerships, scale the team and expand its customer base in Europe and the US. The article reports a £4.3M Pre-Series A raise but provides no revenue or user metrics. ThingTrax’s core product is an end-to-end platform that links machines, robotics and employees via cloud computing, IoT, AI and computer vision, presenting all data in one dashboard. The company recently added computer vision capabilities to monitor manufactured objects and on‑floor employees. Customers use the vision features for COVID‑19 social distancing compliance and internal contact tracing at some facilities. The platform is deployed across plastics, automotive, FMCG, medical and packaging factories, with industry-specific benefits such as energy efficiencies and redeploying skilled workers to reduce downtime. The recent financing will fund global customer acquisition and expansion of sales and technical teams. Founders include Aman Gupta (formerly at IBM) and Imran Shafqat (former Microsoft cloud architect). ThingTrax offers a Software-as-a-Service industrial IoT platform and gateway that integrates with more than 300 devices and protocols to rapidly onboard manufacturing shop floors. The platform captures machine and operator data in real time and provides actionable business insights for manufacturers. The company plans to use the new funding to grow its customer base and continue developing the platform. ThingTrax was founded in 2015 by Aman Gupta and Imran Shafqat and is based in London, UK. It recently graduated from the Startupbootcamp IoT program. The company has received support from AI Seed Fund and FOMCAP.
- Unaric
Participated · Seed · Jun 2023
Unaric emerged from stealth to buy and consolidate independent Salesforce-focused SaaS companies into larger suites to better serve enterprise customers. The company’s strategy centers on combining point solutions to enable cross-selling, shared central infrastructure, and a product and engineering hub. Unaric’s initial focus is RevOps, highlighted by its first acquisition, Salesbolt, a product that automatically keeps CRM contacts up-to-date. The founding team includes CEO James Gasteen and chief product officer Neil Crawford, with chair Peter Lindholm and CFO Moritz Birke. Unaric plans to acquire up to 40 companies over the next three years and intends to build industry-focused stacks similar to companies like Veeva and nCino. Financially, it launched with $35 million in external capital to fund its acquisition spree.
- Superscript
Participated · Series B · Jan 2023
Superscript is an insurance broker and tech platform targeting SMEs and high-growth tech firms, founded in London in 2015. It operates two core businesses: an online-only self-serve platform for U.K. customers (SMEs, sole traders and landlords) and an advised broking service, SuperscriptQ, available in the U.K. and across the EEA for more complex risks. The company partners with carriers including AXA, Beazley at Lloyd’s, RSA and MS Amlin and counts clients such as fintech Paddle. Superscript uses proprietary machine learning and big-data models to guide acquisition, onboarding and to price risks more accurately. Financially, it had previously raised around $24.4 million (including roughly $20 million across two rounds in 2020) and has now secured £45 million ($54 million) in a Series B. The company says it will use the new capital to bolster underwriting and broking capabilities and continue investing in its machine learning tooling as it looks to scale beyond Europe.