BGF invests £1.25m in Collision Management Systems

The funding will be used to accelerate the company’s market expansion following a year of closing licensing deals with insurers, such as Swiss Re. In addition, it plans on hiring senior product and sales staff in the UK and US.

Collision Management Systems also plans on expanding projects in the US, South America, the Middle East and Japan.

Company
Founded in 2012 and headquartered in Towcester, Northamptonshire, Collision Management Systems is a data aggregation specialist that aggregates and standardises data from multiple sources and systems. It is focused on connected vehicles data, with applications for motor insurers, motor manufacturers and telematics specialists.

People
BGF – James Syrotiuk, Will Copeland (investors).
Collision Management Systems – Charles Smith (CEO).

Advisers
Equity – Freeths (legal); Paul Bossom (financial due diligence); MPA Group (tax).
Company – Blaser Mills (legal).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• BGF (Business Growth Fund)