Back to Investors
C

Concentric

Venture Capital

Concentric is an early-stage European venture fund that invests in software startups operating within traditional sectors.

Portfolio

2

companies


Portfolio companies

T

Thingtrax

Thingtrax provides a manufacturing performance platform for industrial operations.

Superscript

Superscript

Superscript provides digital-first insurance solutions for small businesses and technology companies.


Team

AS

Alex Stroud

Investor


Recent investments

Seed
£4.3M

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."
— Paul Reader, CEO
Series B
£45.0M

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."
— Cameron Shearer, CEO and co-founder
Series A
£8.5M

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."
— Cameron Shearer, CEO and co-founder