INSTANDA raises $19.5m Series A funding
Summary
Led by Assembly Capital Partners the investment will support the firm’s international expansion in the United States, Europe, Asia and Latin America following several years of triple digit growth. INSTANDA allows insurers to overcome the drawbacks of legacy IT systems and new ventures to embrace the entirety of benefits afforded by digital transformation. Existing clients have reported seeing a return on investment within weeks through reduced operating costs, increased revenues, and the ability to respond efficiently to customer and broker needs with more personalised experiences at scale. Currently operating in 12 countries and with over 50 clients across all insurance lines and distribution channels, INSTANDA is now seeking to grow its international footprint, develop the platform further and expand its partner network. “Today’s fundraising announcement is an important milestone that will help us bring better insurance to more people and businesses around the world.” Michael Baptista of Assembly Capital Partners is an early investor in the company and also sits on the Board.
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