Insurance data specialist Percayso Inform has announced a £3.4m investment in the company, led by Manchester-based venture capital investor, Praetura Ventures. Percayso Inform launched in the UK insurance market 2019 and supports insurers, brokers and MGAs in both personal and commercial lines.

Richard Tomlinson, managing director at Percayso, said: “This investment and our new partnership with Praetura Ventures is a powerful endorsement of our vision, our strategy and the solutions we are delivering to the insurance industry.

“The team at Percayso has achieved an awful lot in a short space of time, but we have ambitious plans and their backing will allow us to accelerate our roadmap.”

David Foreman, managing director at Praetura Ventures, added: “Their team has built a valuable tool that can clearly help insurance providers to get more from their data and create a real advantage. We’re so excited to welcome them into the portfolio and help them reach the next level.”

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