Concentric

Concentric is a London-based venture capital firm founded in 2013 by Kjartan Rist and Denis Shafranik, both of whom have extensive experience in European venture investing. The firm focuses on early-stage technology businesses that utilize software-driven solutions to address significant challenges in various sectors, including financial services, mobility, real estate, industrials, and logistics. Concentric employs an activist venture approach, leveraging the team's diverse expertise and extensive network to enhance the growth potential of its portfolio companies. With offices in London and Copenhagen, Concentric typically invests between €0.5 million and €5 million in promising tech ventures across major Northern European hubs.

Ilya Belyaev

Venture Partner

Mark McDonald

COO

Denis Shafranik

Partner and Co-Founder

Alexander Stroud

Principal

Past deals in Bitcoin

Breez

Series A in 2025
Breez is a developer of a cryptocurrency wallet that facilitates simple, fast, and secure bitcoin transactions. Leveraging the Lightning Network, Breez aims to transform bitcoin into a more functional currency, enhancing its usability for everyday commerce. The wallet allows users to easily accept and make payments in bitcoin, streamlining the payment process and expanding the capabilities of blockchain technology.

Bipa

Seed Round in 2024
Bipa is a company that facilitates the buying and selling of Bitcoin, enabling customers to start trading with amounts as low as R$1 through Pix and the Lightning Network. It has developed a digital account application that integrates Bitcoin with the traditional banking system. The application allows users to create and pay invoices, transfer satoshis from both the Bitcoin network and the Lightning Network, and offers these services without withdrawal fees. Additionally, Bipa provides users with financial information and services, leveraging advanced technology to enhance the overall experience.

Anchor Watch

Seed Round in 2023
Anchor Watch assist corporations, fiduciaries, and estates in keeping and ensuring their Bitcoin assets conveniently and safely.

Satlantis

Pre Seed Round in 2023
Satlantis is a global social network that connects like-minded individuals, primarily bitcoin enthusiasts and digital nomads, across 50 cities worldwide. Its platform leverages users' social graphs to provide personalized recommendations for local attractions, events, and services, fostering a sense of community among its members. The company integrates bitcoin for monetization, enabling users to engage in a unique, relevant, and borderless social experience.

Relai

Seed Round in 2023
Relai is a cryptocurrency investment mobile application that allows users in Europe to buy and sell Bitcoin quickly and easily. The platform distinguishes itself by eliminating the need for registration, verification, or deposits, thereby enabling users to engage in transactions without providing personal information. Additionally, Relai offers a non-custodial bitcoin wallet, ensuring that users maintain full control over their funds. The app also features an auto-invest option, designed with high-security standards, which further simplifies the investment process for users looking to invest in Bitcoin.

Debifi

Pre Seed Round in 2022
Debifi is a cryptocurrency-backed lending platform that enables users to secure loans using their digital assets as collateral. The company employs a multi-signature address system, distributing keys among different parties to enhance security until the loan is repaid. This approach allows for real-time monitoring of escrow balances, ensuring transparency throughout the lending process. Debifi serves as a global aggregator of bitcoin-backed lenders and provides institutional-grade liquidity, catering to the needs of financial institutions by offering technical tools that eliminate the necessity for them to develop their own solutions. Through its innovative platform, Debifi aims to facilitate crypto-based consumer loans, particularly for large volumes and extended terms.

Synota

Seed Round in 2022
Synota is a bitcoin technology company focused on enhancing transactional efficiency within the energy sector. It develops decentralized software that facilitates Bitcoin mining-related services, enabling peer-to-peer payments and instant settlements. This software is designed to ensure secure transactions and supports multi-party payments and business reporting. By integrating with existing hardware and software products, Synota aims to optimize energy production while reducing payment delays and lowering back-office costs for businesses in the energy industry.

NOAH

Seed Round in 2022
NOAH is a financial services company that focuses on facilitating seamless cross-border transactions. It offers a range of application solutions for trading in Bitcoin and integrates modern financial systems with traditional banking services. The company provides features such as currency conversion, business-to-business payments, and instant settlements. These services help businesses and individuals expedite transactions, streamline treasury operations, and maintain rapid liquidity flow across various currencies worldwide.

Galoy

Private Equity Round in 2022
Galoy provides an open-source Bitcoin banking platform that enables communities and institutions to offer financial services using Bitcoin. The platform includes a secure backend API, mobile wallets, point of sale applications, compliance tools, and administrative controls. By facilitating the development of tools that connect traditional payment networks with Bitcoin's Lightning Network, Galoy empowers various organizations to establish themselves as Bitcoin banks. Its notable initiative, the Bitcoin Beach Wallet, has played a pivotal role in fostering a circular Bitcoin economy, which has influenced the adoption of Bitcoin as legal tender in El Salvador.

Fedi

Seed Round in 2022
Fedi is a technology company focused on enhancing global Bitcoin adoption through its innovative mobile application. This app is designed to facilitate secure, private, and scalable cryptocurrency transactions, making it accessible for billions of users. By employing multi-signature technology, Fedi adds an additional layer of security to cryptocurrency exchanges, allowing users to conduct Bitcoin transactions anonymously. The company's efforts aim to simplify the use of Bitcoin, promoting its adoption across diverse populations while ensuring user privacy and security.

Unmapped Digital Mining

Seed Round in 2022
Unmapped Digital Mining is a cryptocurrency startup specializing in the mining of digital assets, primarily Bitcoin, through renewable energy sources. The company aims to establish an industrial-scale, investment-grade digital asset operation that prioritizes sustainability by eliminating the need for carbon offsetting. By leveraging clean energy, Unmapped Digital Mining allows users to acquire Bitcoin at more stable prices, providing both potential upside and security through asset backing. The founding team possesses extensive experience in launching and managing successful businesses, while the advisory team brings expertise in blockchain technologies, venture capital, and renewable energy, positioning the company for growth in the evolving cryptocurrency landscape.

Coindirect

Seed Round in 2019
Coindirect is a cryptocurrency trading platform focused on accelerating adoption across Africa and other emerging markets. Founded by a team from South Africa, it offers an end-to-end solution that allows users to buy and sell various cryptocurrencies directly on a peer-to-peer marketplace with 0% transaction fees. Users can engage in transactions using multiple payment methods, including credit cards, local bank transfers, and PayPal. Coindirect supports over 40 cryptocurrencies and altcoins, including ERC-20 tokens, and provides 15 trading pairs on its exchange platform. The service caters to a wide range of users, from first-time buyers to experienced investors, enabling them to securely manage their assets in one place. Additionally, Coindirect offers access to its underlying technology via an API for other fintech services. By bridging the gap between traditional finance and the cryptocurrency landscape, Coindirect aims to facilitate mainstream adoption of digital currencies.
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