Palatine Growth Credit has provided INSTANDA with a growth credit facility to support international expansion, recruitment and further investment in its technology.
The size of the facility was not disclosed. INSTANDA said the funding will be used to expand in existing and new markets, building on operations in the UK, the US and Australia, to hire staff and to invest in AI and data science.
INSTANDA develops a no-code platform used by insurance carriers, managing general agents and brokers to build and launch products. The London-based company was founded in 2015 by Tim Hardcastle, Chief Executive, and Derek Hill.
Hardcastle said the facility would help INSTANDA scale its team, strengthen infrastructure and increase investment in AI and data science. William Chappel, Managing Partner of Palatine Growth Credit, said the funding would support further expansion.
The facility follows a $20 million equity round announced on 15 October 2025, led by Frankfurt-based CommerzVentures, with existing investors Toscafund and Dale Ventures and company adviser Bronek Masojada. INSTANDA said the round took total funding to more than $85 million and would be used to expand in North America and Europe, advance data-science capabilities and support acquisitions. Insurance Advisory Partners advised INSTANDA on the equity raise.
In June 2022, INSTANDA raised $45 million in a round led by Toscafund, with Dale Ventures participating.
Palatine Growth Credit raised its maiden fund in 2024 to lend to established technology companies in the UK. The fund held a £75 million first close in February 2024, backed by British Business Investments, a subsidiary of the British Business Bank, and local authority pension funds. It reached final close in May 2024 and has since been described by Palatine as an £81 million fund.
On 8 June 2026, Palatine said the fund had passed £50 million of committed limits across 13 deals, around two thirds of the vehicle. Palatine Growth Credit sits within the Palatine Group, the Manchester private equity firm founded in 2005, alongside its buyout and impact funds. Palatine is headquartered in Manchester, with offices in London and Birmingham.