Instanda raises $45m

Good to see Instanda getting some backing to further build out its platform and enter new markets - raising $45m!

I was fortunate enough to visit Instanda several years ago and was impressed and imagine they have continued to evolve since then.

Historically, tech has been a bit of a barrier to entry in insurance. What Instanda brings to the table is the tech to rapidly test and scale new propositions. Instanda claims it can get an MVP to market in about 12 weeks. A good thing for new entrants as well as incumbents burdened by legacy but a desire to try new stuff.

Source: PYMNTS.com