Concentra Analytics, which has created a SaaS platform for business data visualisation, has raised £41m in equity investment in a round led by One Peak Partners.
Co-investors Morgan Stanley Expansion Capital, Joseph Schull, Connected Capital, as well as existing shareholder, City Securities, also participated.
Concentra will use the cash to expand internationally and boost its investment in its SaaS solutions.
Rupert Morrison, CEO and founder of Concentra, said in a statement: “This is a significant milestone in Concentra’s history and the beginning of an exciting new era for the company.
“Enterprises across all industries are undergoing continuous transformation and are challenged to create more effective operating models and processes to deliver their strategic goals.
“The application of innovative technology to design, transform and operate the most effective organisation is at the heart of OrgVue’s mission.
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“We are delighted to partner up with world class investors, whose support will add immeasurable value to our growth efforts,” he added.
Concentra currently employs 170 people globally, with offices in London, Philadelphia, The Hague and one due to open in Hong Kong.
Humbert de Liedekerke, managing partner at One Peak Partners, went on to comment: “We have been impressed by Concentra’s outstanding technology platform, its talented and entrepreneurial management team and their focus on meeting the most stringent requirements of the world’s leading enterprises, as well as the company’s reputation among clients for deep domain expertise and outstanding customer service.
“Rupert Morrison and his team have built a highly differentiated software and services business with clear breakout potential in a dynamic and rapidly growing global market. Our investment will help Concentra to further consolidate OrgVue’s position as the global leader in strategic human capital software solutions.”
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Robert Bassman, managing principal at Morgan Stanley Expansion Capital, said he was excited about partnering with Concentra.
“We have been impressed by the capital efficiency in which the Company and its founding team has bootstrapped the business to date. The prospect of adding growth capital to pursue this large market opportunity is an exciting one.”
As a result of the investment, Schull, the former Head of Europe at Warburg Pincus, will become chairman of the firm’s Board of Directors.