Insly, a London, UK-based company that provides a low/no-code software platform for insurers, insurance brokers, and Managing General Agents (MGAs), raised £1.5 million in Venture Debt funding.
SaaS Investors
The financing was provided by Hambro Perks.
Hambro Perks is a London-headquartered international investment firm focused on private technology investing. They partner with founders and entrepreneurs to support growth businesses at all stages of the investment cycle.
Insly Use of Funds
The company plans to use the funds to scale up its products, invest in marketing, and accelerate its growth.
About Insly
Founded in 2013 by Risto Rossar, Insly offers a low/no-code insurance software platform designed for MGAs and insurance companies. The platform covers the entire insurance lifecycle and includes tools for accounting, reporting, claims management, and more. The company has a team of 100 employees and offices in Tallinn (core development unit), London (HQ), Vilnius, and Warsaw. It serves over 1,000 brokers, MGAs, and insurers, with more than 15,000 users. Its customer base spans 52 countries worldwide.
Funding Details
Company: Insly Ltd.
Raised: £1.5M
Round: Venture Debt Funding
Funding Month: November 2023
Lead Investors: Hambro Perks
Additional Investors:
Company Website: https://insly.com/
Software Category: Insurance Software
Source: https://techcrunch.com/2023/10/24/signos-series-b/