# Concentro

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/concentro

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.concentro.io
- Total disclosed funding: $3M
- Latest round: Seed (Dec 10, 2024)
- Investors on record: 8

## About

Based in New York, US, and founded in 2023 by co-founders Inigo Rengifo Melia and Tao Mantaras, Concentro Inc. develops a digital platform that connects clean energy developers with investors, providing financial stakeholders with opportunities to invest in renewable initiatives. In December 2024, Concentro Inc. raised USD 3 million in seed funding led by Firstminute Capital, with participation from Silence VC, LifeX Ventures, Plug & Play Ventures, and Avesta Capital.

Concentro specializes in facilitating the monetization of federal tax credits for distributed generation (DG) clean energy developers through various solutions. The company's offerings manage the process for developers to maximize the value of their tax credits, providing a pathway to cash flow by enabling the transfer of these credits to third parties. This service primarily targets DG clean energy developers to improve their financial returns while contributing to sustainable energy efforts. As of 2024, the firm's clients include investors interested in sustainable investment opportunities and developers looking to improve their financial strategies.

The company plans to use the funding from December 2024 to grow its team and expand its technology product enabling more transactions to close on its platform.

## Funding rounds

- Seed, Dec 10, 2024, $3M — Contour Venture Partners, Plug and Play, Dorm Room Fund, Firstminute Capital, LifeX Ventures, Avesta Fund, J Ventures, Silence VC

## Investors

- Contour Venture Partners (https://capitalatlas.ai/funds/contour-venture-partners) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Dorm Room Fund (https://capitalatlas.ai/funds/dorm-room-fund) — Seed
- Firstminute Capital (https://capitalatlas.ai/funds/firstminute-capital) — Seed
- LifeX Ventures (https://capitalatlas.ai/funds/lifex-ventures) — Seed
- Avesta Fund (https://capitalatlas.ai/funds/avesta-fund) — Seed
- J Ventures — Seed
- Silence VC (https://capitalatlas.ai/funds/silence-vc) — Seed