Insurtech KYND secures investment from BGF

Cyber risk management specialist KYND has secured a £3.25m investment from private equity firm BGF. KYND has developed partnerships with insurers and brokers such as Beazley, Howden, Paragon and Alliant and will use the capital to accelerate its expansion plans and further develop its cyber risk technology.

KYND has developed a cyber risk technology platform that gathers and processes data to assess cyber risk for companies.

Andy Thomas (pictured), chief executive at KYND, said: “We are excited to partner with BGF, which has a proven track record of facilitating growth in ambitious scaleups and will use the funds to further enhance our product development and customer roll-out in the UK and beyond.”

Rowan Bird, investor at BGF, said: “We regard KYND as a best-in-class business that has carved out an impressive niche in the burgeoning cyber-insurance market.

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