The funding round was led by Blackstone with participation from Fairfax Financial Holdings.
"Matthew, Mark and the rest of the Ki team have created a unique opportunity in Lloyd’s to revolutionise the market and we are excited to be a part of this, in partnership with Fairfax. Ki’s first-of-its-kind digital model will deliver a unique advantage to its’ business partners which we believe will enable it to build to significant scale, while its algorithmically-driven approach represents an important evolution in the portfolio management of specialty risks."
ECI Partners led the investment with participation from returning backer Livingbridge.
"We are delighted to partner with ECI to deliver future growth for the business and further support social housing providers and their tenants. For Mobysoft and our customers, this partnership means that we will accelerate investment into new products and services while continuing to strengthen our existing products. ECI has a strong track record supporting fast-growing software businesses and we are excited about the opportunity ahead. We’d also like to thank Livingbridge for their partnership over the last 3 years and look forward to their continued support."
Whitehelm Capital backed the smart city operator to scale digital networks and internet of things services across British municipalities.
"With this investment, we can replicate the success we have in building smart communities across the country. It’s how we all want to live by just being smarter."
Key Capital Partners has taken a minority stake in the educational virtual reality business.
"The team at Avantis has done a fantastic job in creating a product which adds real value in the classroom. Our research confirmed the huge potential for the business to grow rapidly over the next few years and I look forward to working with Nik and the team to turn this into reality."
LDC has taken a minority stake in Aker Systems to support the expansion of its secure cloud data services.
"With our team of experts and proprietary technology, we have developed a market-leading approach to completely transform how organisations use and manage their data."
