London-based insurtech INSTANDA has closed a $20 mn round, a push that lifts total capital raised to more than $85 mn.
CommerzVentures led the deal, adding its weight as a specialist investor focused on FinTech and InsurTech. Existing backers Toscafund, Dale Ventures, and advisor Bronek Masojada also joined.
The company builds software that cuts code from the insurance product lifecycle. Its no-code platform gives insurers and Managing General Agents the tools to create, configure, and distribute complex products without the long engineering cycles or heavy overheads.
- In March 2020, INSTANDA pulled in $19.5 mn through a Series A.
- Two years later, in June 2022, the company followed with a $45 mn Series B led by Toscafund, with Dale Ventures also stepping in.
The promise is speed, lower risk when testing new propositions, and the ability to react fast when regulators tweak the rulebook or pricing pressures shift.
New capital will speed INSTANDA’s international push. According to the firm, the near-term priority is expansion across North America and Europe.
Part of the war chest will also go toward strategic acquisitions, adding capabilities and extending client offerings. Another chunk is earmarked for AI and data science development – the company wants deeper underwriting insights and sharper, more personalized experiences for policyholders.
Growth numbers show momentum. Since its last raise, INSTANDA reports more than 40% compound annual growth, profitability, and new partnerships with global system integrators and peer InsurTechs like Coherent. Its platform now serves 80+ tier 1 insurers and MGAs in the US and UK.
Analysts think this positioning makes the product one of the leanest, most flexible solutions in the market.
Tim Hardcastle, co-founder and CEO, said the raise underlines the strength of the platform and the team behind it. He pointed to CommerzVentures’ SaaS expertise as a lever for scaling faster and innovating deeper.
Hardcastle stressed the next phase means embedding AI and data science deeper into the platform for its global client base.
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.
Tim Hardcastle, co-founder and CEO
“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.”
Patrick Meisberger, managing partner at CommerzVentures, framed the investment as a bet on technology that matters inside insurance. He praised INSTANDA’s platform strength and the collaboration culture of its team, signaling long-term commitment.
Toscafund’s George Koulouris echoed the sentiment, saying the firm looks forward to working with CommerzVentures to drive INSTANDA toward a market-leading position.
