It's a great day to be in climate finance! Congratulations team Concentro on this major milestone, which is more than deserved! Thank you for letting us being a part of this incredible journey.
We're excited to share some updates at Concentro! 🚀 Over the summer, we raised a $3M seed round led by firstminute capital with participation from LifeX Ventures, Silence, Plug and Play Tech Center, Avesta Fund, Calafia Iberia, a doubling down from our pre-seed investors J Ventures, Dorm Room Fund, & Contour Venture Partners, as well as participation from a host of amazing strategic angels. We couldn’t be more happy with the investor group we’ve assembled. The round will help us accelerate towards our goal of making tax credit transfers seamless and accessible for clean energy developer sellers as well as corporate and individual buyers. Moreover, it will give us the resources to build the right technology tools to streamline transactions and diligence, as well as to launch financing products beyond tax credit transfers, in line with our mission to create a one-stop-shop for clean energy projects to get financed. Since the fundraise, we have been keeping very busy: - We have over $300m in tax credits ready to be financed on the platform across more than 60 developers. - We closed multiple transactions, including transacting with a Fortune 50 all the way down to closing one of the smallest transactions ($99k!) in the industry. - We assembled a stellar team that we are incredibly excited about. - We have made exciting inroads in developing AI tools to enhance underwriting processes and unlocking smaller scale transactions (under $10M). We recently spoke with Jennifer P. Roig at NPM US (New Project Media) who wrote a piece on all things Concentro, you can find a link in the comments👇. We’re grateful to our team, investors, & partners who have been part of our journey so far, and are excited for what’s to come! CC: Brett Schneider, Enrique Apellaniz, Anna Lulushi, Marcos Pardo García, Tom Stilwell, Liz Studlick Sam Endacott, Will Wells, Adriana Vitagliano, John Nordin, Inaki Berenguer, Borja Moreno de los Rios, Guilherme Penna, Srikant Vasan, George Damouny, Molly Fowler, Owen Davis, Gioia Cerbelli, Jason Liao, Anthony Valente, Felipe Morenés Botín, Hugo Arévalo Álvarez-Arenas, Miguel Fernandez Larrea, Przemek Gotfryd, Ignacio Bachiller Ströhlein, Felipe Navío, Ángel Agudo, Duncan Grierson. #cleanenergy #taxcredits #projectfinance #seedround