Karma Insurance

Growth Investment member East Midlands Early Growth Fund has completed a £100k investment into Nottingham based online specialist insurance provider Karma Insurance. The company also received £100k from the Coalfields Enterprise Fund (managed by Enterprise Ventures on behalf of Communities & Local Government) and a further £150,000 from various business angels. GINEM member and angel network Beer & Partners were also involved in the deal.

Set up by Brian Wright from Nottingham, an award winning insurance broker with over 30 years experience in the industry, Karma Insurance will use the money to strengthen the management team, to research and develop new products and to undertake targeted marketing activity