Collision Management Systems (CMS) has received a £1.25m investment from BGF, following the launch of its telematics data aggregation, risk management and crash detection software for Telematics and Insurance businesses.
The funding will help accelerate CMS’s market expansion. Founded in 2012, CMS reduces insurance and claim costs by making connected vehicle data actionable. The company delivers these savings by providing telematics data aggregation, real-time crash detection and risk management software solutions, all on a hardware agnostic software-as-a-service platform. CMS’s solutions are licensed globally by leading telematics providers and insurance organizations.
BGF is the most active and influential investor in small and mid-sized businesses in the UK, with £2.5bn to support a range of growing companies – early stage, growth stage and quoted – across every region and sector of the economy.