INSTANDA, a prominent player in the no-code insurance platform space, has successfully completed a $20 million investment round. This funding was led by CommerzVentures, which focuses on fintech and insurtech. This round is viewed as a significant step for INSTANDA as it plans to enhance its global footprint.
The investment, prominently backed by CommerzVentures, highlights the increasing interest in insurtech solutions that simplify the insurance process through no-code technology. This approach allows insurers to develop products more efficiently without needing extensive coding knowledge.
With this new capital infusion, INSTANDA aims to accelerate its expansion into new markets globally. The investment will likely support further development of their platform capabilities, enhancing user experience and attracting new clients. This aligns with the ongoing trend in the insurance industry, where agility and technological advancement are becoming necessities for competitiveness.
As INSTANDA continues to grow and innovate, it could potentially reshape how insurance companies approach product development. By streamlining workflows and reducing time to market, the company’s platform can provide significant benefits, especially for smaller firms looking to compete with established players.
Overall, this investment positions INSTANDA to play a more significant role in the insurtech landscape, reinforcing the trend towards quick and flexible insurance solutions.
Original Source: https://programbusiness.com/news/instanda-secures-20-million-investment-led-by-commerzventures-to-drive-global-expansion/