# Concirrus

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

- Industry: Software
- Headquarters: London, UK
- Website: www.concirrus.com
- Total disclosed funding: $36M
- Latest round: Series A (Jul 6, 2020)
- Investors on record: 5

## About

Concirrus Ltd. is a London-based technology company focused on providing advanced analytics and data solutions specifically for the insurance and risk management sectors.Founded in 2012 in London, UK, Concirrus Ltd. specializes in analytics for the insurance industry. The company raised GBP 4.44 million in a Series A funding round on July 6, 2020, led by CommerzVentures, bringing its total amount raised to GBP 4.44 million with a current valuation of GBP 63.03 million. Andrew Yeoman, the founder, has previously founded other technology ventures, contributing to his expertise in the field.Concirrus specializes in providing advanced analytics and data solutions tailored for the insurance and risk management sectors. Their core product offerings encompass a sophisticated platform that leverages machine learning and data integration to enhance underwriting processes, optimize risk assessment, and streamline claims management. By enabling insurers to harness real-time data from various sources, Concirrus effectively addresses critical use cases such as predictive modeling, risk mitigation, and operational efficiency. The company primarily serves commercial insurers, reinsurers, and brokers across markets in Europe, North America, and Asia, helping them improve decision-making and competitiveness within the industry.In the most recent fiscal year 2023, Concirrus generated revenue of GBP 6,717,983.60 with an EBITDA of GBP -3,277,505.40. The company employs a subscription-based model, providing tailored pricing plans that reflect clients' specific needs, ensuring seamless integration into existing workflows and offering ongoing support.Concirrus Ltd. plans to leverage its recent Series A funding of GBP 4.44 million, raised on July 6, 2020, to develop new products and expand into additional markets. The company is focused on enhancing its analytics platform to meet evolving client needs and is exploring entry into new geographic regions, specifically targeting Asia and North America by 2025. The funding will be allocated towards product innovation, market research, and establishing partnerships that will facilitate this expansion.

## Funding rounds

- Series A, Jul 6, 2020, $5.5M — Commerzbank
- Series A, Feb 10, 2020, $15M — IQ Capital, Eos Ventures, AlbionVC
- Series A, Jul 24, 2018, $6.5M — IQ Capital, Eos Ventures
- Series A, Jun 16, 2017, $3.8M — Touchstone Innovations
- Series A, Jul 14, 2015, $4.7M — Touchstone Innovations

## Investors

- Touchstone Innovations (https://capitalatlas.ai/funds/touchstone-innovations) — Series A
- IQ Capital (https://capitalatlas.ai/funds/iq-capital) — Series A
- Eos Ventures (https://capitalatlas.ai/funds/eos-ventures) — Series A
- AlbionVC — Series A
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series A