No-code InsurTech firm INSTANDA, a London-based technology company that enables insurers to build, configure and distribute insurance products without code, has secured a $20m investment round to accelerate its next phase of growth.
The latest funding was led by CommerzVentures, the Frankfurt-based FinTech and InsurTech specialist venture capital firm, bringing the firm’s total funding to more than $85m to date.
Additional backing came from existing investors Toscafund, Dale Ventures, and company advisor Bronek Masojada.
INSTANDA provides a no-code platform specifically built for the insurance industry, allowing insurers and Managing General Agents (MGAs) to design and manage complex personal and commercial insurance products with speed and flexibility.
The company’s solution enables insurers to reduce engineering overheads, shorten time to market, lower risk for new propositions, and adapt rapidly to regulatory and pricing changes.
The newly raised funds will be used to accelerate international expansion, particularly in North America and Europe.
INSTANDA also plans to advance its platform’s data science and AI-driven capabilities to enhance underwriting and deliver more personalised customer experiences. Part of the capital will support strategic acquisitions aimed at broadening the company’s capabilities and client offerings.
Since its last funding round, INSTANDA has achieved over 40% compound annual growth, reached profitability, and built partnerships with global system integrators and InsurTechs such as Coherent. The company now serves more than 80 tier 1 insurers and MGAs across the US and UK, positioning its platform as one of the most cost-effective and flexible solutions in these markets.
INSTANDA CEO and co-founder Tim Hardcastle said, “This investment reflects both the strength and potential of our platform, our people, and our vision. We are delighted to work with CommerzVentures and leverage their proven expertise in B2B SaaS. With CommerzVentures onboard and continued support from Toscafund and Dale Ventures, we are poised to scale faster, innovate deeper and deliver even greater value to our diverse client base, from leading MGAs to global carriers operating across multiple markets. At the heart of this next phase of innovation, we will further embed data science and AI in our platform for the benefit of our global client community.”
CommerzVentures managing partner Patrick Meisberger said, “We have always sought to invest in technology companies that are making a positive impact within their sectors. INSTANDA represents one such opportunity, and we are pleased to be part of this important stage in its journey. We have been particularly impressed by the strength of their platform and the commitment and collaboration of their team. We look forward to working closely together and to the possibilities that lie ahead.”
Toscafund partner George Koulouris added, “We are pleased to welcome CommerzVentures to the INSTANDA investor community and look forward to working together to accelerate the company’s journey towards a market leading position.”
Insurance Advisory Partners acted as the exclusive financial advisor to INSTANDA on this transaction.
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