UK insurance broker Konsileo raises €5.9 million to grow its team and integrate AI
Konsileo, a UK-based chartered insurance broker, has closed a €5.9 million (£5 million) equity round. The money is intended to support its continued growth.
Konsileo, a UK-based chartered insurance broker, has completed an equity funding round worth €5.9 million, or £5 million. The company says the financing will support its continued growth.
The round was led by Committed Capital, a long-term shareholder in the business, together with ACF Investors.
Earlier funding
This is not the company's first capital raise. In April 2018, Konsileo raised €3.2 million (£2.7 million). It also secured a later combination of debt and equity financing totalling €9.4 million (£8 million).
According to the headline of the original report, the new funds are to be used to expand the team and integrate artificial intelligence into the company's operations.