Commercial broker Konsileo has raised £5 million in equity funding to support its next phase of growth, as it heads towards its tenth anniversary on an organic, acquisition-free model.
The round was led by long-standing shareholder Committed Capital, with ACF Investors also taking part.
Konsileo launched in 2017 and now employs more than 220 people. It arranges more than £85 million in annual premium for UK businesses.
The raise is the latest in a string of rounds backed by the same investors. Konsileo raised £2.7 million in April 2018, followed by a £4.7 million Series A in 2022, when ACF Investors first came on board.
In November 2024, it raised £8 million through a mix of debt and equity, led by Committed Capital with ACF Investors and specialist lender Growth Lending. At that point it had around 160 employees, so it has added roughly 60 people in under two years.
Co-founder and chief executive John Warburton (pictured) said the new money would be used to keep hiring, invest in its platform and build on recent momentum.
"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," said Warburton.
Konsileo's model is built around individual brokers rather than branches. It uses a flat structure in which coaching replaces line management. Its pay model rewards the value brokers create from client relationships, and it runs in-house training through the Konsileo Academy.
The firm has also built its own broking platform. The platform automates administrative tasks, builds in compliance checks and helps brokers capture better-quality risk information.
Steven Harris, chief executive of Committed Capital, said Konsileo had grown "organically, broker by broker, rather than through acquisition". He added that its proprietary platform was now putting AI to work for brokers.
Tim Mills, managing partner at ACF Investors, said the business had built significant momentum since ACF's first investment in 2022.
Konsileo was named the best medium-sized organisation in financial services in The Sunday Times Best Places to Work 2026.
The funding comes as the traditional route to scale in UK broking slows down. UK insurance distribution deal volumes are at their lowest level in years, and several of the most active consolidators have slowed or paused their UK buying in 2026.
Konsileo's pitch runs the other way. Rather than buying books of business, it recruits individual brokers and gives them a platform and pay model designed to keep them.
For experienced commercial brokers, Konsileo's growth is another sign that employment models in broking are diversifying. A firm offering autonomy, relationship-based pay and lighter administration is a direct competitor for talent with traditional brokers and consolidators. As M&A slows, organic recruitment of producing brokers is likely to become more contested.
For broker owners, the round offers a reference point. Investors are still willing to back a broker built on hiring and technology rather than acquisitions, at a time when buy-and-build platforms face more scrutiny over integration.
The open question is scale. At £85 million of premium, Konsileo remains a mid-sized player, and the test of its model will be whether it can keep growing at this pace as it approaches its second decade.
