INSTANDA raises $45 million

London-based INSTANDA has closed a $45 million  financing round led by Toscafund, bringing its total funding to $73 million.

Founded in 2012, the company offers a no-code core insurance platform for carriers, brokers and MGAs across all lines within P&C and L&H. “The unique combination of ‘no code’ freedom with pre built product libraries provides unmatched advantages to help grow clients’ competitive advantage and market share.”

The funds will be used to grow the company’s geographical presence in Europe, US, Japan and the UAE.

Bottom Line: INSTANDA reaches over 70 clients globally. Clients in the UK and EMEA include Atlanta (part of Ardonagh Group), Hamilton Fraser (part of GRP Group), HDI Global SE, and Standard Bank.