Novee AI has raised £1.6m in pre-seed funding led by 42CAP to scale its AI platform for underwriting in commercial and specialty insurance.
Amount Raised
£1.6 Million
Round Type
Pre-Seed
LondonSoftwareArtificial IntelligenceInvestors
Description
UK-based startup Novee AI has secured £1.6m in pre-seed funding to enhance its generative AI platform for underwriting. The funding round was led by 42CAP, with additional support from Insurtech Gateway. The company aims to use the funds for development and expansion into new business lines. CEO Haris Khan highlights the platform’s capability to streamline underwriters' workflows.
Quick answer
Novee AI raised £1.6 Million in a Pre-Seed round, dated July 31, 2025. Investors: Insurtech Gateway and 42 Cap. Novee AI is based in London, England, United Kingdom.
- How much did Novee AI raise?
- Novee AI raised £1.6 Million in a Pre-Seed round on July 31, 2025.
- Who invested in Novee AI?
- Insurtech Gateway and 42 Cap are named as investors in this round.
- What does Novee AI do?
- Novee AI is a UK-based startup that focuses on automating the underwriting process for commercial and specialty insurance.
- Where is Novee AI based and how big is it?
- Novee AI is based in London, England, United Kingdom. Fundz records about 3 employees.
- Who are the decision-makers at Novee AI?
- Fundz holds 1 contact at Novee AI. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software and Artificial Intelligence around the same time
Companies in the same sectors as Novee AI that raised within 45 days of this round, from Fundz verified event records.
- TwinMind AI raised $6M (Seed) on September 14, 2025.
- Cellar Insights raised an undisclosed amount (Seed) on September 14, 2025.
- Altan raised $2.5M (Pre-Seed) on September 12, 2025.
- Demand AI raised $2.5M (Funding Round) on September 12, 2025.
- Bugster raised $300K (Funding Round) on September 12, 2025.
- Syncari raised $20M (Series B) on September 12, 2025.
Who to call at Novee AI, and when
A new round usually means Novee AI is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Novee AI raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Novee AI, from your own LinkedIn network
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Novee AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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