One Peak leads £41m round for Concentra

The fresh capital will enable the business to undertake an international expansion strategy and invest in product development. Concentra is in the process of opening an office in Hong Kong, which will be its first Asian location.

Morgan Stanley Expansion Capital, Connected Capital and existing shareholder City Securities also took part in the round, alongside Joseph Schull, formerly head of Europe at Warburg Pincus.

According to a statement issued by One Peak, revenue generated from Concentra's flagship product OrgVue has increased at a compound annual growth rate of 112% over the last four years.

As part of the deal, Schull will take on the role of chairperson at Concentra.

Previous funding
Concentra first received backing from institutional fund managers in December 2009, when Solon Ventures and Notion Capital provided an undisclosed amount as part of a growth funding round.

Solon then led a second round of funding for the company in June 2012, with the value remaining undisclosed again.

Company
Founded in 2008, London-headquartered Concentra provides data software that enables companies to analyse and adapt their operational activities and models. In addition to its end-to-end operations analysis software OrgVue, the company also develops the supply chain optimisation platform SupplyVue and warehouse automation platform DataPlus.

Concentra generated a turnover of £10.2m in the year ending in March 2017, according to publicly available documents, with an operating loss of £760,000. The company has a headcount of 170, up from 75 at the time of its first fundraising round. It has additional operations in Philadelphia and The Hague.

People
One Peak Partners – Humbert de Liedekerke (managing partner).
Morgan Stanley Expansion Capital – Robert Bassman (managing principal).
Concentra Analytics – Rupert Morrison (CEO).

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