Latka logo
Instec logo

Instecrevenue, acquisition & funding

Insurance SoftwareUnited StatesFounded 1982

Instec was acquired by GI Partners.

Instec is an Insurance Software company based in the United States, founded in 1982.

instec-corp.comLinkedInUpdated Aug 10, 2026
Annual revenue
$21.3M
Apr 2021
Owner
GI Partners
Date not on record
Total raised
$49.8M
1 round
Employees
254
Apr 2021

Instec revenue

Instec's annual revenue was $21.3M in April 2021, its last figure before GI Partners bought it (source not recorded).

$0
$10M
$20M
$21.3M
2021
ReportedOne figure per year; a reported figure wins over an estimate
As ofRevenueSource
Apr 2021$21.3M–

– source not recorded

Who owns Instec

GI Partners owns Instec. The date and price of the deal are not on record.

Instec funding rounds & investors

Instec has raised $49.8M in one round, in December 2011.

DateRoundRaised
Dec 2011Funding round$49.8M
Total raised$49.8M

Instec CEO, founders & employees

Ray Simon founded Instec in 1982 and led it as CEO. Instec had 254 employees (April 2021).

0
100
200
254
2021
ReportedOne figure per year; a reported figure wins over an estimate

Team mix (Apr 2021): 69 engineers, 35 in sales, 4 in marketing

Instec FAQ

What was Instec's revenue?

Before GI Partners bought it, Instec's annual revenue was $21.3M in April 2021 (source not recorded).

Who owns Instec?

GI Partners owns Instec.

How much funding has Instec raised?

Instec raised $49.8M in one funding round before GI Partners bought it, in December 2011.

How many employees does Instec have?

Instec had 254 employees in April 2021.

Who founded Instec?

Ray Simon founded Instec in 1982.

Browse Insurance Software

How this page is sourced

Founder figures link to the second they were said; public figures name their source; estimates are marked EST. and say whose they are. Not financial advice.

Updated Aug 10, 2026Data disclaimerReport a correctionClaim this profileRun Instec? Join the podcast