Konsileo raises £8 million to fuel further growth – London Business News | Londonlovesbusiness.com

Chartered commercial broker Konsileo has completed a £8 million 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 grown to employ 160 people across the UK and promises to have the happiest, best rewarded, most professional brokers in the industry.

Konsileo 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.

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.

In the last 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.”

Committed Capital Chief Executive Steve Harris said: “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.”

Tim Mills, Managing Partner, ACF Investors said: “Konsileo is transforming commercial broking by bringing much needed innovation to the market.

“Their scalable platform approach puts cutting-edge product tools in the hands of brokers and allows the company to deliver outstanding results for its clients. Since our initial investment in 2022, the business has shown strong growth and we look forward to working with John and the team to support this next phase of expansion.”