Insly Raises £1.5M in Venture Debt Funding
Summary
Insly, a London, UK-based provider of a low/no-code software platform for insurers, insurance brokers and Managing General Agents (MGAs), raised £1.5M in Venture Debt funding. The company intends to use the funds to scale up its products, marketing and accelerate growth. It delivers a scalable solution for C-Suite employees and underwriters looking to launch and distribute new products. Additional services like accounting, reporting, and claims management tools further enhance the platform’s capabilities for streamlining and optimising insurance selling and admin processes. In the last ten years, Insly has grown to a team of 100, with offices in Tallinn (core development unit), London (HQ), Vilnius, and Warsaw.
Funding
Amount
$1.9M
Total raised
Date
November 7, 2023
Announcement date
Investors
-
Lead investors
Company
insly.com
Funded company
Classifications
industries
HealthTech
applications
No applications detected
AskAI Classifications
Labels
Insurance Software
SaaS
Low-code Platform
Linked Companies
Insly
$5M to $10M