The Series C financing was led by KKR with participation from Hannover Digital Investments.
"The global insurance industry is a key strategic focus for KKR, and we see a real market opportunity for Vitesse to disrupt and add significant value to the industry. We are excited to partner with this proven management team to support Vitesse’s ambition of providing global insurers with unparalleled control, transparency, and efficiency for the holding and management of funds."
The investment round was led by existing backers including Sony Innovation Fund.
"We have built a great relationship with our investors, who fully back our mission of using technology to make insurance fairer, and doing so in a sustainable way."
Wealth Club, EHE Capital and Angels Invest Wales backed the oversubscribed raise to support product development and international demand.
"The insurance industry has barely changed since insurance started being sold online thirty years ago. Technology, specifically AI, has the potential to completely change the way consumers buy and manage their insurance policies and can also deliver significant benefits to providers at the same time."
The London-based insurance platform will use the capital to drive expansion plans and further develop its underwriting software.
"We are delighted to be working with a solid partner with the reputation and pedigree of ACF Investors. This capital will be used to drive our expansion plans and further develop our underwriting platform."
The risk management firm has raised £250k to scale its operations into the Middle East and Dubai.
"We are thrilled to have secured this funding, which will enable us to accelerate our growth and strengthen our position as a leader in risk management services. This investment underscores the confidence in our vision and capabilities, and we are excited about the prospects for expansion in the Middle East and Dubai."