– UK, London – Instanda, the London insure-tech firm, announced that global investment firm, Dale Ventures has increased its stake in the company by investing an additional £5.8 million, confirming its confidence in what Dale Wood, founder and CEO, Dale Ventures, called a “genuinely innovative” company.
Instanda provides innovative platforms that enable insurance providers to streamline the creation, management, and distribution of products.
“Instanda is a genuine innovator. The founding team identified a challenging but promising opportunity, has delivered, and can now focus on scaling. Instanda frees insurers from inflexible legacy tech and from high-risk, high-cost, multi-year change programs,” said Dale Wood, founder and CEO, Dale Ventures.
Industry veteran Tim Hardcastle, former global CIO of Hiscox, founded Instanda to transform the insurance product roadmap and has leveraged technology to ensure effective mass communication and low distribution costs.
The company attracted the interest of industry experts and investors worldwide, one of whom is Dale Wood. After his initial investment in the company, Dale Wood has increased his stake with an additional £5.8 million.
Through Dale Ventures, Dale Wood was one of the early investors in Instanda, which has now attracted a range of different backers who recognize the potential of its technology-driven solutions. The realistic possibility of large-scale growth led to the additional £5.8 million investment, adding to Dale Wood’s portfolio that includes technology, media, real estate, and business service investments across the world.
Since his initial investment, Dale Wood has joined tech companies and others in the insurance industry in expressing his optimism for the future of Instanda. By increasing his stake in the company, Dale Wood continues to express his confidence in the future of Instanda and its ability to transform a rapidly-changing industry.
Despite promising statistics, the industry remains plagued with several challenges including mass-customization and low distribution costs. As stakeholders strive to overcome these obstacles, Instanda has stepped in to change the narrative and create solutions that increase productivity industry-wide.
Instanda quickly attracted attention for its customer and policy management platform, which takes inflexible, expensive, and inhibitive insurance products and offers an agile, low cost, and self-configurable solution.
INSTANDA operates exclusively through Software-as-a-Service (SaaS) and is a radically diﬀerent approach to insurance product innovation.
INSTANDA’s no-code product design platform is built on a powerful set of insurance speciﬁc calculations, processing and workﬂow capabilities.
INSTANDA works with the world’s largest and most progressive carriers, MGAs and brokers in UK, Europe, US, Canada, LATAM and Australia converting the lethargic back office to an agile front office, freeing the industry from high-cost legacy systems.
The company was shortlisted by Insurance Times for Best Use of Technology in 2019, and selected for Oxbow Partners InsurTech Impact 25.
About Dale Ventures
Dale Ventures is a personal investment holding group founded by serial investor Dale W. Wood. The company partners with management teams to provide significant strategic and analytic resources needed to build and grow remarkable companies. Dale Ventures has adopted a consultative approach that harnesses the power of innovative teams to generate groundbreaking ideas, tactics, and strategies that drive growth and build long-term value.
For more information, visit www.Dale.com
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