“Given our history and relationship, Magenta were a natural fit when seeking additional funding to support our rapid growth. Not only have they spent considerable time getting to know the business, but we have already proved that we can work well together to grow a business and capitalise on the opportunities it presents.”
Gary Burke, Founder Eaton Gate Vigilis
Eaton Gate Vigilis
Date Invested: March 2018
Sector: Financial Services
Founded in 2016 by serial entrepreneur Gary Burke, EGV is a managing underwriter (MGU) specialising in UK mid-market commercial insurance. Its well-recognised and highly experienced executive team have created an exciting and unique offering akin to a virtual insurer which has quickly gained traction in the market and is regularly writing policies in excess of £50,000.
Magenta were introduced to EGV in early 2017 and, having worked with Gary Burke previously, decided to track the business for a number of months until it reached a point where it was suitable for Magenta to invest.