Nettle Secures $1.45M in Pre-seed Funding to Revolutionize Risk Assessment
Deal News | Apr 11, 2025 | Osborne Clarke
AI-powered platform nettle has secured a $1.45M pre-seed funding round, with Osborne Clarke providing legal advice. The investment, led by tech investor Project A and top angel investors, aims to expand nettle's core engineering team and enhance commercial insurance risk assessment. Co-Founders Jack Miller and Katya Lait highlight Osborne Clarke's invaluable contribution to the process. Osborne Clarke's Corporate team, led by Mathias Loertscher and Uday Mehra, is renowned for its expertise in the tech sector, offering comprehensive advisory services across various stages of company development.
Sectors
- Insurance Technology
- Legal Services
- Technology and AI
Geography
- International – Osborne Clarke is an international legal practice, suggesting a broad geographical relevance across several countries, although specific nations are not highlighted.
Industry
- Insurance Technology – The article focuses on nettle, an AI-driven platform aiming to transform the commercial insurance industry's risk assessment efficiency.
- Legal Services – Osborne Clarke's role in advising nettle on its funding round connects the article to the legal services industry.
- Technology and AI – Nettle's proposition of using AI for risk assessment highlights the significance of technology in the insurance sector.
Financials
- 1.45M – The pre-seed funding amount raised by nettle to enhance its AI-powered risk assessment platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Nettle | Target company | Company | An AI-powered platform focused on improving risk assessment in the commercial insurance market. |
| Osborne Clarke | Legal advisor | Company | An international legal practice advising on nettle's pre-seed funding round. |
| Project A | Investor | Company | An early-stage tech investor leading nettle's pre-seed funding round. |
| Jack Miller | Co-Founder | Person | Co-Founder of nettle, involved in securing the funding round. |
| Katya Lait | Co-Founder | Person | Co-Founder of nettle, involved in securing the funding round. |
| Mathias Loertscher | Partner | Person | Partner at Osborne Clarke leading the advisory team on the funding round. |
| Uday Mehra | Senior Associate | Person | Senior Associate at Osborne Clarke, part of the advisory team. |