Konsileo raises £8 million

Konsileo, a commercial insurance broker and risk management advisor, has raised £8 million to accelerate its expansion across the UK.

The fundraise is a mix of debt and equity financing led by long-term shareholders Committed Capital, together with ACF Investors Growth Lending, a specialist growth finance provider.

The company has grown to employ 160 people across the UK and in the last 12 months it placed ~£60 million in written premiums on a run-rate basis.

“Konsileo is going from strength to strength. Putting brokers at the heart of our organization – 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 organization. We’re delighted to have the support of Growth Lending, Committed Capital, and ACF investors.” – John Warburton, co-founder and CEO of Konsileo.

“Konsileo has become a rarity in the commercial insurance broking sector. It has delivered strong organic growth on a highly capital efficient model. It has reached scale without acquisitions and without compromising on integrity and culture. We think the Company is poised to deliver strong revenue growth over the foreseeable future. We’re delighted with progress and proud to continue our support of the business.” – Committed Capital Chief Executive Steve Harris.