Instanda’s $45 Million Funding Round

In UK Proskauer Rose, advised on the matter.

Proskauer Rose advised Toscafund Asset Management with a team including Andrew Houghton (Picture – Corporate M&A).

INSTANDA, a UK-based insurance services platform catering for insurance carriers, MGAs and insurance brokers globally, closed a $45 million fundraising round, led by Toscafund, one of Europe’s leading growth equity investment firms for financial services companies.

The funds will be used to grow the company’s geographical presence in Europe, US, Japan and the UAE, as well as to rapidly augment platform capabilities including developing the existing ecosystem into a future-proofed marketplace. This move will further cement its position as the insurance industry’s most adaptive, fast, best value end-to-end platform for carriers, brokers and MGAs.

As the world’s first no-code dedicated insurance platform, INSTANDA digitises the complex insurance value chain with its core digital PAS and an interface that allows business users to innovate, manage and distribute insurance products across all lines within P&C and Life and Health.

The Proskauer team was led by partner Andrew Houghton (Picture) and associates Karim El-Borhami, Shahmir Khan and paralegal Katrina Hart (M&A) and special counsel Richard Miller and associate Emma McDonnell (Tax).

Involved fees earner: Karim El Borhami – Proskauer Rose; Andrew Houghton – Proskauer Rose; Shahmir Khan – Proskauer Rose; Emma McDonnell – Proskauer Rose; Richard Miller – Proskauer Rose;

Law Firms: Proskauer Rose;

Clients: Toscafund Asset Management;

Author: Giulia Di Palma