Novee AI, a London, UK-based startup building the AI intelligence layer for commercial and specialty insurance, has raised £1.6 million in pre-seed funding.
Investors
The round was led by 42CAP, with participation from Insurtech Gateway.
42CAP is a Munich-based early-stage venture capital firm backing technology-driven B2B startups across Europe. The firm invests with a “product-first” philosophy and a strong belief in data- and AI-driven business models. It typically leads pre-seed and seed rounds, supporting founders with deep operational experience and a long-term mindset.
Novee AI Use of Funds
The funding will be used to accelerate product development, expand into new insurance classes, and deepen collaborations with global insurers.
About Novee AI
Founded by Haris Khan and Arved Pohlabeln, Novee AI is building an AI intelligence layer for underwriting in the commercial and specialty insurance market. Its platform leverages large language models (LLMs) and agentic AI to streamline the risk assessment process for underwriters. By integrating directly into underwriting workflows and systems, Novee automates repetitive tasks, surfaces contextual insights, and captures underwriter-specific risk logic. Headquartered in London, UK, Novee serves insurers operating in complex lines such as property, energy, and terrorism.
Funding Details
Company: Novee AI
Raised: £1.6M
Round: Pre-Seed
Funding Date: July 2025
Lead Investor: 42CAP
Additional Investors: Insurtech Gateway
Company Website: https://www.novee.ai/
Software Category: AI for Insurance / Risk Assessment / Underwriting Automation
Source: https://www.uktechnews.info/2025/07/30/novee-ai-secures-1-6-million-pre-seed-investment-led-by-42cap/