Founded in 2012 by Tim Hardcastle and Derek Hill, INSTANDA provides a no-code, cloud-native platform that enables insurers and Managing General Agents to build, personalise and maintain insurance products without engineering overhead. The software supports real-time data insights and incorporates AI to enhance underwriting and claims workflows, helping carriers shorten time-to-market and adapt quickly to regulatory or pricing changes. The platform is currently used by more than 80 tier-1 insurers and MGAs in the US and UK, and the company reports compound annual growth exceeding 40 percent while having reached profitability. Strategic partnerships with global system integrators and insurtech firms such as Coherent further extend its reach by helping insurers migrate off legacy systems. With total funding now exceeding $85 million, INSTANDA plans to deepen its data science capabilities and embed more AI functionality into its offering. The company intends to use fresh capital to expand operations across North America and Europe and to pursue targeted acquisitions that broaden its product set. These initiatives aim to drive continued growth and deliver greater value to its global client base.

Total raised

$84M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2025