Chartered commercial broker Konsileo has completed a £8m fundraise to accelerate its plans to expand across the UK.

The fundraise is a mixture of debt and equity financing led by long-term shareholders Committed Capital, together with specialist growth finance provider, ACF Investors Growth Lending. The investment will be used to continue its recruitment of broking professionals and technology development.

John Warburton (pictured), 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, added: “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.”

In the last 12 months, the broker has grown by two thirds to become a £12m plus brokerage placing in excess of £60m GWP on a run-rate basis.

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