Participated · Equity · Oct 2025

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.

Led · Equity · Jun 2023

The Wave Group is a Bristol-based company delivering inland surfing through engineered surf parks, and was the first park to use Wavegarden Cove technology. Its Bristol location opened in 2019 and has welcomed more than 300,000 visitors since opening. The company plans to develop six more sites across the UK and Ireland and expects to attract 2 million visitors per year. Wave Group emphasizes inclusivity and accessibility, offering reduced-rate and no-cost sessions in partnership with organisations serving economically disadvantaged people and those with physical or psychological barriers. The business positions itself as a world leader in building and operating surf parks and stresses a commitment to the triple bottom line of profit, people, and planet.

Led · Equity · Aug 2022

Rail Online operates an online railroad travel service that connects buyers to live rail inventory, now including Amtrak, via a 24/7 connection that supports multiple currencies. The platform enables travelers to search, book, ticket and self-manage itinerary changes and refunds. A AUD$2.5 million investment from Dale Ventures has been used to accelerate the company’s expansion into North America and to fast‑track broader growth plans in Australia, New Zealand and Europe. The Amtrak integration gives Rail Online access to more than 500 destinations across the U.S. and parts of Canada and adds high‑speed service options to the product offering. Company leadership frames the expansion as a step toward becoming a one‑stop shop for global rail bookings.

Led · Equity · Mar 2022

Founded in 2014, Landbay operates an online marketplace that connects institutional funding to professional landlords seeking residential buy-to-let mortgages. The platform recently increased its individual loan ceiling to £2 million and extended maximum loan terms to 30 years, broadening its product appeal. Over the past 12 months the company reports a 200 percent surge in lending volume while maintaining a 0 percent default rate, underscoring both growth and credit performance. Landbay’s core offering digitises mortgage origination and underwriting, matching borrowers with large financial institutions looking for exposure to secured real-estate assets. The newly secured £1 billion funding line positions the firm to accelerate lending over the next two years, effectively multiplying its capacity without immediate equity dilution. Management continues to emphasise partnerships with traditional finance players as a strategic pillar and views this latest agreement as validation of fintech-bank collaboration. Looking forward, the company intends to leverage the facility to deepen market penetration and sustain its rapid growth trajectory.