What is Insly?
Insly is a digital insurance broker solutions provider, founded by Risto Rossar, who established the world's first digital insurance broker in 2000. After successfully divesting his previous brokerage business in 2014, Rossar has focused on empowering other insurance businesses to navigate the digital transformation. Partnering with Insly signifies more than just acquiring software; it means joining a community of innovators dedicated to co-creating the future of insurance, sharing best practices, and developing tools for emerging challenges.
How much funding has Insly raised?
Insly has raised a total of $4M across 3 funding rounds:
Angel/Seed
$1.1M
Debt
$1.1M
Debt
$1.8M
Angel/Seed (2016): $1.1M, investors not publicly disclosed
Debt (2022): $1.1M led by Concentric and UNIQA Ventures
Debt (2023): $1.8M supported by Hambro Perks
Key Investors in Insly
Hambro Perks
Hambro Perks is a London-based international investment firm specializing in private technology investments, supporting growth-stage businesses across various funding cycles. They offer differentiated investment strategies, including venture, EIS, and co-investment funds.
Concentric
Concentric AB focuses on delivering sustainable growth through high-quality, customer-centric solutions for hydraulic and engine applications. Their vision is to enhance efficiency and performance within their target markets.
UNIQA Ventures
UNIQA Ventures is the venture capital arm of UNIQA Insurance Group AG, investing in promising business models within health, mobility, fintech/insurtech, and enabling technologies. They are a pioneer in corporate-backed venture capital in Central & Eastern Europe.
What's next for Insly?
The recent major strategic investment indicates Insly is poised for significant scaling and further innovation. This infusion of capital, particularly in the form of debt financing, suggests a focus on expanding operational capacity and potentially pursuing strategic acquisitions or market penetration initiatives. The company's trajectory points towards solidifying its position as a key player in the insurtech sector, leveraging its established network and technological solutions to drive growth and address future industry needs.
See full Insly company page
