InsurTech firm Konsileo raises £8m to fuel further growth

The chartered commercial broker has completed an £8m fundraise to accelerate its expansion across the UK.

Konsileo specialises in mid-market advised sales for small, medium and mid-corporate businesses from construction and logistics firms, to farms to recycling plants. It has been designed to avoid layers of middle management that do little to add value to clients or colleagues, and replaced it with robust structures that support self-management and collaboration.

The company’s proprietary technology platform has enabled the organisation to scale up with a radically different organisational model, without additional layers of corporate hierarchy. 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 past 12 months Konsileo has grown by two thirds to become a £12m brokerage placing in excess of £60 million GWP on a run-rate basis.

The £8 million fundraise is a mixture of debt and equity financing led by long-term shareholders Committed Capital, together with ACF Investors Growth Lending, a specialist growth finance provider. The investment will be used to continue its recruitment of broking professionals and technology development.

John Warburton, co-founder and CEO, commented: “Konsileo is going from strength to strength. Putting brokers at the heart of our organisation – and designing the best working practices and technology to support them to do their best work for their clients – resonates with talented professionals and clients alike. This latest investment gives us additional firepower to keep growing our award winning commercial broking organisation. We’re delighted to have the support of Growth Lending, Committed Capital, and ACF investors. ”

Kimberly Martin, Managing Director at Growth Lending, said: “We are pleased to support Konsileo as it continues on an exciting growth journey. The firm stands out for all the right reasons, with a clearly differentiated proposition in a thriving commercial broking market, alongside proprietary technology that underpins its growth strategy. This, plus a strong and ambitious management team and supportive equity investors, is a winning combination.”

• For more information about Konsileo, visit www.konsileo.com.
• For more information about growth capital from Growth Lending, get in touch with a member of our expert team.