Instanda lands growth credit facility from Palatine to fund global push
What's the deal? Instanda, a UK InsurTech company, has secured a growth credit facility from Palatine Growth CreditDealroom has a profile for this one. Try Dealroom →. The debt funding will support international expansion, hiring, and technology investment.
What does it do? Founded in 2015 by Tim Hardcastle and Derek Hill, Instanda built what it calls the world's first no-code platform for insurance product innovation and complex underwriting. Its platform lets carriers, managing general agents (MGAs), and brokers create policies quickly, cutting time to market.
Why now? Over 11 years, Instanda has grown from its UK base into the US and Australia, with products now sold in almost every country. Chief executive officer Tim Hardcastle said "global demand has never been stronger."
What's the endgame? The company plans to deploy the funding across three priorities: scale, talent, and technology. Hardcastle said the backing gives Instanda "the firepower to scale our team, strengthen our infrastructure, and deepen our investment in AI and data science."
Who's backing it? Palatine Growth Credit, which launched its fund in 2024 to support high-growth UK technology companies, led the facility. The fund sits alongside Palatine's Buyout and Impact funds within the wider Manchester-headquartered Palatine GroupDealroom has a profile for this one. Try Dealroom →.
William Chappel, managing partner of Palatine Growth Credit, said the firm is "so excited about the potential of INSTANDA," pointing to "a significant amount of global interest already being generated."
The signal: Debt facilities are an increasingly common route for scaleups seeking to fund expansion without diluting equity. For a growth-stage InsurTech with international traction, credit offers firepower to chase demand while keeping ownership intact.
Read more: BusinessCloud
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