nettle, a London, UK-based AI-powered risk assessment platform, has raised £1.45 million in pre-seed funding.
Investors
The round was led by Project A, with additional investments from top angel investors in major insurers, startups, and AI leaders in the insurance industry.
Project A is an early-stage tech investor in Europe, with offices in Berlin and London, and manages assets totaling $1 billion. Founded in 2012, it has invested in over 100 startups across various sectors, including fintech, commerce, enterprise software, data infrastructure, supply chain, and climate tech.
nettle Use of Funds
The company will use the funding to scale its engineering team and develop its platform further.
About nettle
Founded in 2024 by Jack Miller and Katya Lait, nettle is an AI-powered risk assessment platform designed to revolutionize the commercial insurance industry. It leverages advanced artificial intelligence to automate manual tasks, enabling insurers to expedite risk evaluations and enhance underwriting efficiency. The company combines remote risk identification, bespoke inspection guides, mobile evidence analysis, and instant report generation. By automating time-consuming processes, nettle allows risk engineers to focus on critical assessments, significantly reducing turnaround times and increasing the number of inspections conducted.
Funding Details
Company: nettle
Raised: £1.45M
Round: Pre-seed
Funding Date: April 2025
Lead Investor: Project A
Additional Investors:
Company Website: https://www.getnettle.com/
Software Category: AI-Risk Assessment
Source: https://www.getnettle.com/news/nettle-fundraising-press-release