Vitesse secures £73.2m in Series C funding led by KKR for product development and US expansion.
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The Series C financing was led by KKR with participation from Hannover Digital Investments.
Vitesse provides integrated treasury and payment solutions tailored for the global insurance industry. Its platform offers real-time visibility, capital safeguarding, and automated claims processing.
Vitesse has secured £73.2m in a Series C funding round led by global investment firm KKR, with participation from existing backer Hannover Digital Investments. The capital will be deployed to accelerate the company's expansion into the United States and fund further product development within the insurance value chain.
Alongside the financing, Vitesse announced the appointment of Curt Hess as US Executive President to oversee domestic growth. Patrick Devine, Managing Director in KKR's Tech Growth team, is set to join the board of directors following the transaction, which remains subject to customary regulatory approvals.
From the founder
"I am thrilled to join Vitesse at such an exciting time in the Company’s journey. The Company’s vision and demonstrable ability to deliver value to the insurance marketplace, by providing clients with streamlined solutions and a competitive edge, presents an incredible global opportunity."
Curt Hess
US Executive President at Vitesse
Investor perspective
"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."
Patrick Devine
Managing Director, KKR
Use of funds
- 01Continue product development
- 02Expand into international markets
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