Konsileo raised £5 million in equity financing to support continued growth of its technology-enabled commercial insurance brokerage.
Long-term shareholder Committed Capital led the financing alongside ACF Investors.
Konsileo launched in 2017 and now employs more than 220 people.
The company arranges more than £85 million in annual insurance premiums for businesses across the U.K.
Konsileo operates with a flat organizational model intended to give brokers greater autonomy while replacing traditional management structures with coaching and support.
The company has also developed its own broking technology platform.
The platform automates administrative tasks, embeds compliance checks, and helps brokers collect higher-quality risk information.
Konsileo plans to use the new funding to continue hiring brokers, invest in its technology platform, and support additional growth.
The company has grown organically rather than through acquisitions.
Committed Capital said Konsileo is increasingly using artificial intelligence within its proprietary broking platform.
ACF Investors initially invested in Konsileo in 2022.
KEY QUOTES:
“We’ve always believed that great brokers do their best work when you give them autonomy, equip them properly and support them rather than manage them. Our growth is a testament to what happens when you offer something genuinely different to ambitious brokers who want to build brilliant client relationships.”
John Warburton, Co-Founder and CEO of Konsileo
“John, Peter and the team have built one of the fastest-growing independent brokers in the UK, and they have done it organically, broker by broker, rather than through acquisition.”
Steven Harris, CEO of Committed Capital
“Konsileo continues to bring much-needed innovation to commercial insurance broking, combining smart technology with a model that empowers brokers to deliver a better service for clients.”
Tim Mills, Managing Partner at ACF Investors
