03 Palatine Growth Credit has backed fast-growing insurtech platform INSTANDA with a growth credit investment facility, giving the business the tools to scale internationally, strengthen its team, and deepen its investment.
Founded in 2015, INSTANDA developed the world’s first no-code platform for insurance product innovation and complex underwriting. In the 11 years since, the business has grown from its UK base to operations in the UK, US, and Australia, with products on its platform now sold in almost every country in the world.
The INSTANDA platform is used by insurance carriers, Managing General Agents (MGAs), and brokers to create policies quickly and efficiently, accelerating routes to market.
Palatine Growth Credit’s funding will be deployed across three priority areas:
Scale: Accelerating INSTANDA’s global footprint across existing and new markets, building on momentum in the UK, USA, and Australia.
Talent: Bringing in crucial hires to strengthen the team and support a growing global client base.
Technology: Significant investment into AI and data science capabilities, enabling greater intelligent automation within the platform.
Palatine Growth Credit’s fund was raised in 2024 to back high-growth technology companies in the UK and sits alongside Palatine’s established Buyout and Impact funds within the wider Palatine Group. INSTANDA chose to partner with the Palatine team on the strength of its track record backing ambitious technology companies and its depth of understanding of the sector.
William Chappel, Managing Partner of Palatine Growth Credit, said: “We are so excited about the potential of INSTANDA. The team has developed an exceptional and exciting bespoke product, and while growth in the UK markets represents a major opportunity for the business, there is a significant amount of global interest already being generated that we’d love to make the most of.
“The management team is in an exceptional place to grow rapidly, and we are thrilled that our growth credit facility will be used for further expansion and success across the globe.”
Tim Hardcastle, Chief Executive Officer at INSTANDA, said: “Since founding INSTANDA in 2015, we’ve built a platform that’s changing how carriers, MGAs and brokers bring insurance products to market, and global demand has never been stronger. Palatine Growth Credit’s backing gives us the firepower to scale our team, strengthen our infrastructure, and deepen our investment in AI and data science, accelerating our growth across existing and new markets worldwide.
