Insly, a London, UK-based cloud-based insurance platform, raised €2.2m in funding.
The round was led by Concentric and Black Pearls VC, and supported by the National Center for Research and Development from the Polish side, and the London Co-Investment Fund from the UK side.
The company intends to use the funds to develop the platform, scale the business and expand into new markets.
Founded in 2015, and led by Risto Rossar, CEO, Insly is a cloud-based insurance software development company, offering insurance policy management for insurance brokers and agents, as well as MGAs and wholesale.
The company is currently serving 180 customers in 40 countries, with close to 2 million euros of revenue in 2017.