Insly
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- $2.7M
Investors
- 2
About Insly
Founded in 2000 and headquartered in London, UK, Insly Ltd. provides insurance technology solutions tailored for MGAs and insurers. The company was founded by Risto Rossar, who also serves as CEO. Insly offers a comprehensive suite of flexible, end-to-end insurance software solutions tailored for managing general agents (MGAs) and insurance companies. Central to their product offerings is the Insurance Product Builder, which enables users to develop non-life insurance products quickly—typically within a matter of weeks—without the need for coding or developer involvement. Insly’s platform also includes features for product distribution, accounting and reporting, and claims management, each designed to automate various manual processes and enhance operational efficiency. The solutions target a diverse client base that includes MGAs, insurers, and brokers, allowing them to optimize workflows, reduce time-to-market, and improve customer engagement.Insly generates revenue primarily through a subscription-based model for its software solutions, allowing clients to access their suite of tools for a recurring fee. The transaction structure is typically B2B, where MGAs, insurers, and brokers subscribe to utilize various components of the platform based on their specific operational needs. Clients may select tailored packages that include the Insurance Product Builder or the claims management module, contributing to a continuous revenue stream as customers scale their operations. Specific pricing plans and costs associated with each product are structured to align with the complexity and customization required by the client, ensuring that they receive solutions that meet their unique business objectives.Insly Ltd. Plans include launching new insurance software products aimed at enhancing operational capabilities for clients. The company is also targeting expansion into new geographic regions, particularly focusing on increasing its presence in North America and Asia by 2025.
Who invested in Insly
2 investors across 1 round
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Funding rounds
Seed
Mar 22, 2018
Amount
$2.7M
Investors
Questions about Insly
Who invested in Insly?
Insly has 2 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Insly raised?
Insly has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Insly last raise money?
Insly's most recent round on record is a Seed, in Mar 2018.
What does Insly do?
Founded in 2000 and headquartered in London, UK, Insly Ltd.
Where is Insly headquartered?
Insly is headquartered in London, UK.
Which VCs invest in companies like Insly?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Insly's stage. Their profiles are linked below.
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