Concentro Inc.
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Concentro Inc. - overview
Established
2023
Location
New York, NY, US
Primary Industry
Financial Services
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.
Current Investors
Phoenix Fund, Contour Venture Partners, Dorm Room Fund
Primary Industry
Financial Services
Sub Industries
Consulting Services, Accounting Services
Website
www.concentro.io
Company Stage
Angel & Seed
Total Amount Raised
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