Project A VenturesVentures TogetherPortfolio VenturesSure Valley VenturesMtech Capital
Description
Nettle, an Irish-founded insurtech startup, has closed a $4.8M oversubscribed seed round led by MTech Capital. The round brings the company's total funding to $6.8M, including a $2M pre-seed from March. Additional investors include Sure Valley Ventures, Portfolio Ventures, Ventures Together, angels, and Project A Ventures. Nettle's AI platform automates insurance inspections and risk assessments, enabling insurers to complete inspections up to five times faster.
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.
Fundz sees it the moment nettle raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
LondonArtificial IntelligenceMachine LearningRisk ManagementInsurtechInsurance