Alex serves as a general partner at Concentric and holds board positions at aeon and Paypercut. Additionally, investor roles at Stealth and Selfr.ai complement board observer duties at Goya Health.
The pre-series A financing was co-led by Concentric, Superseed and Puma Private Equity to support international expansion and team scaling.
"Out of 10m factories worldwide, 94 per cent are looking for digital solutions that can connect multiple factories globally, standardise processes and improve efficiency. Thingtrax goes beyond data collection and provides leaders with in-depth analysis and actionable insights for improved efficiency and behaviour change across the workforce. We give manufacturers the tools and knowledge that they need to accelerate progress on their digitisation journey and the attainment of operational excellence."
The Series B round was led by BHL UK with participation from The Hartford and Concentric.
"The flexibility, customisation and affordability we offer puts us in a unique position to meet the insurance requirements of small businesses during turbulent times, as they navigate economic challenges this year."
Tiger Global led the Series A round to fund international expansion and product development.
"We are excited to partner with Tiger Global given their in-depth understanding of the global crypto, payments and banking landscape and with them having backed key crypto infrastructure companies, such as NEAR protocol and TRM, and payments companies Stripe and Revolut."
Octopus Ventures led the round as Contingent looks to scale its supply chain risk and transparency software.
"There is an ever-increasing amount of focus on risk management within supply chains and Contingent provides us with a platform to capture the key areas of risk. As we put more of a spotlight on ESG, the team at Contingent is continuously improving the platform, its features and coverage, which supports us as we continue to grow as a business,"
Bled by BHL Holdings, the fresh capital will be used to double the UK workforce and invest in proprietary technology.
"The current pandemic has hit small businesses a lot harder than their larger, established counterparts. The economy is experiencing significant turbulence right now and the business landscape will be unrecognisable in a year's time. As a small business championing small businesses, this investment will speed up our ability to deliver bespoke insurance to underpin individual business needs. Helping businesses to not only weather this storm, but scale and thrive."
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