What is Insly?
Founded by Risto Rossar, who established the world's first digital insurance broker in 2000, Insly has evolved into a key player in helping insurance businesses navigate digital transformation. The company offers more than just software; it fosters a community of innovators dedicated to co-creating the future of insurance. Insly's approach emphasizes building tools for emerging challenges and sharing best practices among its network, positioning it as a strategic partner for forward-thinking insurance enterprises.
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-headquartered international investment firm focused on private technology investing, partnering with founders to support growth businesses across all investment stages.
Concentric
Concentric AB is a company focused on delivering sustainable growth for applications in its served markets, designing and manufacturing solutions for hydraulic and engine applications.
UNIQA Ventures
UNIQA Ventures is the Venture Capital arm of UNIQA Insurance Group AG, investing in outstanding business models in Future of Health, Mobility, Intelligent Home, and Fintech/InsurTech.
What's next for Insly?
With its recent major strategic investment and substantial total funding, Insly is poised for accelerated growth and further innovation in the insurtech landscape. The company's focus on digital transformation and its collaborative network suggest a strategic direction towards expanding its market reach and enhancing its technological offerings. Future developments are likely to center on leveraging this capital for product development, market penetration, and strengthening its position as a leader in digital insurance brokerage solutions.
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