Private equity firm Apiary Capital has completed an investment into Carbon Underwriting Limited. The specialist managing general agent said the investment would help it develop its underwriting platform and proprietary technology platform, Graphene, as well as its people.

Nick Tye, CEO at Carbon, said: “At Carbon, we set out in 2018 with a mission to revolutionise the world of delegated underwriting and establish a global benchmark. We understand the significance of embracing modern technology to enhance our offering, and our in-house technology ecosystem, Graphene, has been instrumental in achieving this vision.

“We are delighted to have the support of Apiary Capital, known for their expertise in accelerating business development at innovative companies across many sectors. Their insight and guidance will undoubtedly propel Carbon to new heights and help us to capitalise on opportunities in the market.”

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