{"id":4177,"date":"2018-03-23T03:17:41","date_gmt":"2018-03-23T01:17:41","guid":{"rendered":"https:\/\/insly.com\/?p=4177\/"},"modified":"2023-08-18T13:34:17","modified_gmt":"2023-08-18T10:34:17","slug":"insurtech-cloud-company-insly-raises-2-2-million-euros","status":"publish","type":"post","link":"https:\/\/insly.com\/en\/blog\/insurtech-cloud-company-insly-raises-2-2-million-euros\/","title":{"rendered":"Insurtech cloud-company Insly raises 2.2 million euros"},"content":{"rendered":"
<\/div>

London, March 22th, 2018 \u2013 Insly, a cloud-based insurance platform, announces an investment of \u20ac 2.2 million led by Concentric and Black Pearls VC.<\/b>
\nInsly is a rising star in the global effort to bring the traditionally bureaucratic, paper-based business of insurance trading into the modern day. The London-based company is serving 180 customers in 40 countries, with close to 2 million euros of revenue in 2017. Insly is turning a profit from its existing customers. <\/span>
\nThe raised funds will go towards developing the platform further, scaling the business and expanding into new markets<\/strong>. \u2018We have proven the value of our product on several markets,\u2019 says Risto Rossar, the CEO of Insly. \u2018It is now a matter of scaling it all up. We will strengthen our position in the MGA and P&C insurance companies segment as well as continue with the geographical expansion with an immediate focus on the Polish market.\u2019<\/span>
\n[bctt tweet=”\u2018We will strengthen our position in the MGA and P&C insurance companies segment.\u2019” username=”@insly_com”]
\n\u2018We have been keeping an eye on the insurtech landscape for some time and it has been a challenge to find a company that has a long-term vision and an actual, proven value proposition,\u2019 says Kjartan Rist, Managing Partner of Concentric. \u2018Insly has shown its capability to change the archaic insurance industry.\u2019 <\/span>
\n\u2018Polish insurance market is ready to become much more digital than it is today<\/strong>, and Insly will certainly play an important part in that journey,\u2019 adds Marcin P. Kowalik, Managing Partner at Black Pearls VC. \u2018It will turn current players more efficient while enabling the new generation of digital agents and brokers to launch their businesses on the Insly platform at modest costs.\u2019 \u00a0<\/span>
\nIt\u2019s not only the private players that see value and potential in Insly. The investment round is supported by the National Center for Research and Development from the Polish side, and the London Co-Investment Fund from the UK side.<\/span>
\nAbout Insly:<\/strong>
\nFounded in 2015, Insly is a cloud-based insurance software development company, offering insurance policy management for insurance brokers and agents, as well as MGAs and wholesale. Its goal is to make insurance easy to understand, manage, and buy for both service providers and end users.\u00a0<\/span>
\nAbout Concentric:<\/strong>
\nConcentric is an investment partnership investing in digital technology companies across Europe. They support innovative businesses that can defend a leading market position and companies with a proven product and business model. For more information: <\/span>http:\/\/concentricteam.com\/<\/span><\/a>
\nAbout Black Pearls VC:<\/strong>
\nBlack Pearls VC is an early stage venture capital firm, focused on supporting the best entrepreneurs in Poland and the Baltic Sea Region, who develop world-class deep-tech & enterprise software businesses. <\/span>
\nMore information: Risto Rossar, <\/span>risto@insly.com\/en<\/span><\/a>, +372 51 19 746<\/span>
\nNews in media:\u00a0Insurance Journal<\/a>, Crowdfundinsider<\/a>, Intelligent Insurer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

London, March 22th, 2018 \u2013 Insly, a cloud-based insurance platform, announces an investment of \u20ac 2.2 million led by Concentric and Black Pearls VC. Insly is a rising star in the global effort to bring the traditionally bureaucratic, paper-based business of insurance trading into the modern day. The London-based company is serving 180 customers in […]<\/p>\n","protected":false},"author":4,"featured_media":4181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[23],"tags":[244,245,18,27,246,247,248,249],"class_list":["post-4177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ens-product","tag-black-pearl-vc","tag-concentric","tag-insly","tag-insurtech","tag-investment","tag-polish-insurance-market","tag-seed-round","tag-vc"],"acf":[],"yoast_head":"\nInsurtech cloud-company Insly raises 2.2 million euros - Insly<\/title>\n<meta name=\"description\" content=\"Insly, a cloud-based insurance platform, announces an investment of \u20ac 2.2 million led by Concentric and Black Pearls VC.\" \/>\n<meta name=\"robots\" content=\"noindex, nofollow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Insurtech cloud-company Insly raises 2.2 million euros - 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