Addresscloud, a UK-based geocoding and property intelligence company serving the insurance sector, has received a new investment from London-based private equity firm Kester Capital.
The funding marks the next phase in Addresscloud’s growth, with Kester Capital partnering with the company’s founders and management team to support its international expansion.
With a strong presence in the UK insurance market and increasing global reach, Addresscloud plans to scale its technology, broaden its international coverage, and invest in both its products and workforce.
Following the investment, Addresscloud has made several leadership changes. Simon de la Hoyde has been promoted to Chief Commercial Officer, overseeing sales, marketing, and account management.
Lucy Oxer has been promoted to Chief Operating Officer, leading operations, compliance, and people. Stacey White joins as Interim Chief Financial Officer, bringing experience from her previous role at Send Technology.
Alun Jones is retiring as Director and Chief Commercial Officer but will continue to advise the company on property data. Founder and CEO Mark Varley and CTO Tomas Holderness remain in their roles and, together with Kester Capital, represent the board. A new Chair of the Board will be announced soon.
The investment will allow Addresscloud to focus on the areas valued most by customers, including high-quality address and perils data, continued product development, broader global coverage, and enhanced customer support—while retaining the approachable, responsive character of a specialist provider.
Kester Capital is a private equity firm focused on data and technology companies, with previous investments including DC Byte, a data centre intelligence provider, and Vixio, a regulatory intelligence company.
Varley commented: “We are all excited about this next phase of Addresscloud’s growth. As we continue to quickly scale and expand internationally, this investment will allow us to grow the team and embed the structures necessary to support our maturing business, while staying true to the principles our customers value most: accuracy, responsiveness, and a highly collaborative approach.
“From an operational point of view, it’s business as usual. We are passionate about providing rich address, climate and perils data to our insurer customers, helping them to pinpoint and assess their risks more accurately before they go on cover.
“Kester’s track record and significant experience in partnering with high growth information and data companies, as well as their deep knowledge of the insurance industry, shone through. In partnership with Kester, we are eager to capitalise on the significant opportunity we have ahead of us over the coming years.”
Cameron Crockett, Managing Partner at Kester Capital, said: “Addresscloud is an exceptional information and data business operating in a highly attractive market that Kester know well. We are delighted to be partnering with Mark and the team to help realise Addresscloud’s potential as a global leader in insurance data.”
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