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AI-powered risk assessment platform nettle has raised £1.45m in pre-seed funding led by Project A to tackle a critical shortage of risk engineers. This funding will help nettle scale its engineering team and enhance its platform.

Apr 01, 2025•4 months ago

Amount Raised

£1.45 Million

Round Type

Pre-Seed

LondonInsurtechRisk ManagementInsuranceMachine LearningArtificial Intelligence

Investors

Project A

Description

AI-powered risk assessment platform nettle has raised £1.45m in pre-seed funding to tackle a critical shortage of risk engineers. With this funding, led by Project A, nettle aims to scale its core engineering team and improve turnaround times for insurance inspections. The platform addresses the inefficiencies currently plaguing the industry. Key partners believe in nettle's unique position at the intersection of technology and risk assessment.

Company Information

Company

nettle

Location

London, England, United Kingdom

About

Nettle is an AI-powered risk assessment platform focused on modernizing risk evaluation in the insurance sector. The company aims to address the critical shortage of risk engineers and improve the efficiency of risk assessment processes. By reducing paperwork and leveraging AI, nettle enhances turnaround times for insurance inspections. Their mission is to help insurers understand and maintain in-depth risk profiles through automation.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers