Konsileo, a commercial insurance broker and risk management adviser, has completed a £4.7 million Series A funding round led by Growth Tech VC Committed Capital, which first invested in Konsileo in 2018, and which provided £3.23 million of the current funding round.

Konsileo, a commercial insurance broker and risk management adviser, has completed a £4.7 million Series A funding round led by Growth Tech VC Committed Capital, which first invested in Konsileo in 2018, and which provided £3.23 million of the current funding round.

New investors include a £900,000 investment from ACF Investors, a UK venture capital fund and angel investors.

Konsileo has developed a proprietary broking platform with built-in compliance checks, and superior policy administration that frees brokers from unnecessary repetitive tasks and facilitates exceptional risk capture and insight and cross-firm collaboration.

Konsileo doubled in size in 2021 and plans to use the investment to accelerate its recruitment of UK insurance brokers and further develop its technology platform.