Insly, an Estonian provider of a SaaS solution for insurance brokers and agents, raised €1M in seed funding.
Angel investors from UK, USA, Estonia, Switzerland and Germany participated in that round.
The company intends to use the funds for strengthening the development team and for mapping out new potential markets for growth.
Established one and a half years ago through spin-off from an Estonian broker company by Mr Risto Rossar, CEO, Insly provides a SaaS-based solution for insurance brokers and agents to manage clients, policies, objects and payments. The platform also offers a sales workflow for both the client as well as for the salesperson.
Insly currently employs 30 people in offices in London, Tallinn, Minsk, Warsaw and Vilnius with €870k in revenues in 2015 and expectedly reaching €1.6m in 2016.