Concentric

Founded in 2013, Concentric is a venture capital firm based in London with additional offices in Copenhagen. It invests in early-stage European technology businesses, focusing on software-driven companies operating in sectors such as financial services, mobility, real estate, industrial, and logistics.

Mark McDonald

Finance and Operational Partner

Past deals in Bitcoin

Breez

Series A in 2025
Breez offers a user-friendly, swift, and secure method for conducting Bitcoin transactions. Leveraging the Lightning Network, Breez aims to revolutionize commerce by transforming Bitcoin into a practical currency.

Bipa

Seed Round in 2024
Bipa is a company that facilitates the buying and selling of Bitcoin, enabling customers to engage in transactions starting from R$1 using Pix and the Lightning Network. It has developed a digital account application that integrates Bitcoin with traditional banking systems. The application offers various features, including the ability to create and pay invoices, transfer satoshis from both the Bitcoin and Lightning networks, and provides financial information and services without withdrawal fees. Bipa aims to enhance user experience and accessibility in the cryptocurrency market through its innovative technology and convenient service offerings.

LN Markets

Seed Round in 2024
LN Markets is a France-based company that develops a Lightning Network-based derivatives trading platform. Founded in 2019, it provides a bitcoin derivatives trading exchange that uses the Lightning Network to enable fast, low-cost settlement by avoiding on-chain transactions. The platform allows traders to exchange bitcoin derivatives directly from any Lightning Network wallet, connecting users to rapid funding and execution while reducing on-chain settlement frictions.

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, location-centric social experience that bridges the digital and physical worlds.

Relai

Seed Round in 2023
Relai offers a user-friendly mobile application for buying and saving Bitcoin in Europe. Users can purchase and sell Bitcoin instantly, without registration, verification, or deposits. The app also provides a non-custodial Bitcoin wallet, ensuring users maintain full control over their funds.

Debifi

Pre Seed Round in 2022
Debifi provides a non-custodial cryptocurrency-backed lending platform that enables crypto-based consumer loans. The platform secures collateral with a multi-signature address whose keys are distributed among multiple parties, and it offers real-time escrow balance monitoring. It supports large-volume, long-term loans and delivers institutional-grade liquidity. Debifi also supplies technical tools for financial institutions, allowing them to access bitcoin-backed lending capabilities without developing their own solutions. As a global aggregator of bitcoin-backed lenders, Debifi connects lenders and borrowers in the crypto-finance market while emphasizing security and transparency through cryptographic safeguards.

Synota

Seed Round in 2022
Synota offers a programmatic payments platform tailored for the energy sector. Its decentralized software facilitates peer-to-peer payments with instant settlement, multi-party payments, and business reporting features.

NOAH

Seed Round in 2022
NOAH is a financial services company that offers application solutions for Bitcoin trading and global payments. It integrates modern payment rails with traditional banking to support currency conversion, B2B payments, and instantaneous settlements, enabling businesses and individuals to speed cross-border transactions, streamline treasury operations, and maintain liquidity across currencies worldwide.

Galoy

Private Equity Round in 2022
Galoy is an open‑source Bitcoin banking platform that enables communities and institutions to provide financial services on Bitcoin. It offers a secure backend API, mobile wallets, point‑of‑sale applications, compliance tools, and administrative controls. The platform’s core ledger and bitcoin bridge support enterprise‑scale transaction management, while extensible modules accommodate fiat and frontier markets. A proof‑of‑concept implementation, the Bitcoin Beach Wallet, helped establish a circular Bitcoin economy that influenced El Salvador’s adoption of Bitcoin as legal tender.

Fedi

Seed Round in 2022
Fedi is a tech company specializing in global bitcoin adoption. Its primary product is the Fedi mobile app, designed to facilitate secure, private, and scalable Bitcoin transactions for billions of users worldwide. The app employs multi-signature technology to enhance security during cryptocurrency exchanges, allowing users to transact anonymously with Bitcoin.

Unmapped Digital Mining

Seed Round in 2022
Unmapped Digital Mining is a cryptocurrency startup dedicated to mining digital assets, primarily Bitcoin, through renewable energy sources. The company aims to establish an industrial-scale, investment-grade digital asset enterprise that prioritizes sustainability and efficiency. By utilizing clean energy, Unmapped Digital Mining seeks to enable users to acquire Bitcoin at more stable prices while ensuring asset security and potential for significant returns. The founding team brings extensive experience in launching and managing successful businesses, while the advisory team possesses in-depth knowledge in blockchain technologies, venture capital, and renewable energy. This strategic focus on environmentally friendly mining positions Unmapped Digital Mining as a forward-thinking player in the evolving cryptocurrency landscape.
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