Nettle Raises $4.8M Seed

Nettle, a London and New York-based AI-powered insurtech startup, has raised $4.8 million in an oversubscribed seed funding round. This new capital brings the company's total funding to $6.8 million, following a $2 million pre-seed round announced last March.

Investors

The funding round was led by MTech Capital, a specialist insurance sector investor. Additional participating investors include Sure Valley Ventures, Portfolio Ventures, Ventures Together, Project A Ventures, and other angel investors.

Nettle Use of Funds

Nettle plans to use the new funding to accelerate the expansion of its operations across the United States and Europe. Additionally, the company intends to increase its headcount by growing its engineering and go-to-market teams.

About Nettle

Founded in 2024 by Jack Miller and Katya Kinane, who previously worked at McKinsey's AI arm, QuantumBlack, Nettle provides an AI-driven platform for the insurance industry. The company's technology automates risk inspections by combining remote risk identification, mobile evidence analysis, and instant report generation, enabling insurers to complete commercial property risk assessments significantly faster than traditional methods.

Funding Details

Company Website: https://getnettle.com

Company: Nettle
Raised: $4.8M
Round: Seed
Funding Date: October 6, 2026
Lead Investor: MTech Capital
Additional Investors: Sure Valley Ventures, Portfolio Ventures, Ventures Together, Project A Ventures
Software Category: Insurtech
Source: https://www.siliconrepublic.com/start-ups/irish-founded-insurtech-nettle-raises-4-8m-seed-round