Instanda, based in the UK, provides a no-code platform for insurers to launch new digital & personalized insurance products across multiple insurance lines and allow for the digitization of existing products. The company’s solutions enable organizations to set their own underwriting rules and allow for the digitization of the entire value chain including customer engagement, policy administration and claims processing. As of Q1 2022, Instanda had a customer base of over 70 clients globally.
In June 2022, the company raised USD 45 million in Series B funding led by Toscafund with the participation of exiting investor Dale Ventures. The new funds will be utilized to expand the company’s geographical presence in Europe, US, Japan and the UAE, as well as to develop the next generation of its platform.
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