Konsileo, a London, UK-based chartered commercial broker, raised £8M in funding.
The round was led by existing investors ACF Investors and Committed Capital, with participation from Growth Lending.
The company intends to use the funds to continue its recruitment of broking professionals and technology development efforts.
Led by CEO John Warburton, and CTO Peter Henderson, Konsileo specialises in mid-market advised sales for small, medium and mid-corporate businesses from construction and logistics firms, to farms to recycling plants. Its placement platform supports brokers in searching the whole of the insurance market for the best quote for their clients, rather than being led by a management diktat on preferred placement partners. Furthermore, its data capture and e-trade platform assists its brokers to present insurers with a more detailed view of the client. For instance, it facilitates brokers with different specialisms to team up and agree directly how to divide the work and benefits, and embeds real time compliance checking.
In the last 12 months, Konsileo has placed in excess of £60 million GWP on a run-rate basis. Founded in 2017, the company has grown to employ 160 people across the UK.
FinSMEs
20/11/2024