Seed27 July 2023

Percayso Inform secures £2.7m from Neil Utley and Praetura Ventures to scale insurance intelligence platform.

The investment was led by industry veteran Neil Utley and returning backer Praetura Ventures.

£2.7MSeed

Percayso Inform is an insurance data intelligence provider that turns data into insights for brokers, insurers and MGAs. The company recently expanded its footprint through the acquisition of Cazana, now branded as Percayso Vehicle Intelligence.

Percayso Inform has secured £2.7m in a fresh funding round led by industry veteran Neil Utley and existing backer Praetura Ventures. The capital will support the company as it scales its insurance data intelligence platform and further develops Percayso Vehicle Intelligence following its recent acquisition of Cazana.

Launched three years ago, the firm has built a client base of 65 insurers, brokers and MGAs, including Ageas, Covea, Direct Line and The AA. Peel Hunt advised Percayso on the transaction, while legal counsel was provided by Knights and Irwin Mitchell.

From the founder

"We’re delighted to welcome Neil as an investor. He has a breadth of experience and knowledge to share from his 30 plus years of working in our industry at the highest level. In particular, his expertise in the motor insurance market will be invaluable in helping us to achieve our ambitions for Percayso Vehicle Intelligence. And we’re hugely proud that Praetura Ventures are continuing to support us. We’ve forged a fantastic relationship and in particular, I’d like to offer special thanks to Guy Weaver from their team who played a critical role in the Cazana acquisition."

Rich Tomlinson

Managing Director at Percayso Inform

Investor perspective

"Rich and his team are building one of the most exciting businesses to have emerged in our industry in many years. UK insurance providers have been crying out for a flexible, scalable and easy to integrate data intelligence solution."

Neil Utley

Investor, Neil Utley