What is Concentric?
Concentric, headquartered in Linköping, Sweden, is a prominent innovator in the flow control and fluid power sector. The company designs and supplies proprietary systems and components critical to the world's truck, agricultural machinery, construction equipment, and industrial applications end-markets. Its product portfolio includes essential oil, fuel transfer, and water pumps for diesel engines, alongside lubrication pumps for transmissions and compressors, highlighting its comprehensive approach to fluid management solutions.
How much funding has Concentric raised?
Concentric has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for Concentric?
The recent major strategic investment signals a period of accelerated growth and potential expansion for Concentric. This substantial capital infusion is likely to fuel further research and development into advanced flow control technologies, enhance manufacturing capabilities, and broaden its market reach within the demanding truck, agricultural, construction, and industrial sectors. The company is well-positioned to leverage this financing to solidify its leadership and explore new applications for its fluid power systems.
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