Nettle raises $4.8 mn to expand AI-powered insurance loss control. Oct 08, 2026 * Nettle has raised $4.8 mn in an oversubscribed seed round led by MTech, bringing total funding to $6.8 mn following a $2 mn pre-seed investment in March 2025. * Its AI-powered loss control platform helps commercial insurers complete risk inspections 5x faster, addressing engineering shortages and inspection backlogs of up to six months. * Already working with Allianz and Brotherhood Mutual across Europe, the US and Asia, Nettle plans to expand its teams and extend AI-enabled risk assessments to agents and policyholders. Nettle, an AI-powered loss control platform for commercial insurers, has secured $4.8 mn in an oversubscribed seed funding round led by MTech, with participation from Project A, Sure Valley Ventures (SVV), Portfolio Ventures and Ventures Together. The investment brings the company's total funding to $6.8 mn, following a $2 mn pre-seed round completed in March 2025. Nettle plans to use the proceeds to expand its operations across the US and Europe while increasing investment in engineering and go-to-market teams. Founded in 2024, Nettle develops AI technology designed to help commercial insurers identify, assess and manage physical risks more efficiently. Its platform combines risk identification, evidence collection, analysis and reporting in a single workspace, allowing insurers to complete risk inspections five times faster, according to the company. The technology addresses capacity constraints affecting commercial insurance loss control operations. Insurers face increasing demand for risk assessments as the availability of experienced risk engineers declines. Inspection backlogs already extend to six months in some teams, while an estimated 40% of risk engineers are expected to retire by 2030. Nettle aims to reduce the dependence of loss control operations on the number of specialist engineers available. Its AI workspace allows insurers to assess a larger proportion of their portfolios while directing experienced professionals toward more complex exposures requiring specialist judgment. The platform is already used by insurers including Allianz and Brotherhood Mutual, with deployments across Europe, the US and Asia. Initially developed for commercial property insurance, Nettle has expanded its capabilities to other commercial lines, including liability, construction and workers' compensation. The company is also extending its inspection technology beyond risk engineers to insurance agents and policyholders. This approach allows insurers to gather risk information from properties and facilities where conventional engineering inspections would previously have been too expensive to justify. Nettle's platform uses AI and external data sources to identify potential exposures before an engineer visits a location. Guided inspection workflows then allow engineers, agents and policyholders to collect consistent information about physical risks. The system analyzes photographs, video recordings, audio, documents and third-party data to produce assessments. Reports, risk scores and recommendations that previously required days of manual work can be generated in seconds, according to Nettle. The resulting information is intended to give underwriters more timely and higher-quality risk data while helping insurers identify exposures and manage risks throughout the policy lifecycle. Nettle has built a platform that turns Loss Control into a competitive advantage. The purpose has always been to prevent losses, but insurers can only act on the risks they understand. Too often, that understanding is limited by the capacity of their teams, and that's the ceiling XILO is removing. Jack Miller, Nettle's co-founder and CEO "Our AI workspace gives insurers the tools to bring more of the portfolio into view, either through risk engineers, agents, or even policyholders. This round lets us take what we've proven across three continents, with extremely positive feedback, and scale it everywhere our customers operate." The platform has been developed for enterprise insurance environments, with support for cloud and on-premise deployment, regional data residency requirements and enterprise-grade security. Nettle was founded by Miller and CTO Katya Kinane, former colleagues at QuantumBlack, McKinsey's AI business. Both previously worked on developing and deploying AI products across insurance and financial services. The founders' experience in enterprise AI applications has informed Nettle's approach to integrating automated risk assessments into existing insurance operations. Kevin McLoughlin, Founder and Managing Partner at MTech, said the investment reflects the potential for generative AI to improve the collection and analysis of physical-risk information for large commercial insurance accounts. "Using generative AI, top global insurers are adopting the Nettle platform, which requires minimal integration effort, to transform physical data collection and analyses for large commercial risks. We are very impressed with Nettle's success to date and the deep experience the founders bring to an area of insurance often overlooked by start-ups." With operations in London and New York City, Nettle intends to build on its existing relationships with insurers across three continents. Its next phase of development will focus on expanding geographic coverage and enabling insurers to collect risk information through a broader network of engineers, agents and policyholders. The company expects this approach to extend loss control assessments to more insured locations without requiring a corresponding increase in specialist engineering resources.

Nettle, a London and New York-based insurtech, has raised $4.8 million in seed funding led by MTech and Project A. The company is developing multimodal AI technology to address the risk engineer shortage in commercial insurance. The funding will support Nettle's work with Allianz and other commercial insurers to tackle a significant backlog in property inspections. The company's AI solution aims to streamline the inspection process, which currently faces delays of up to six months due to insufficient risk engineering resources. Nettle's technology offers commercial insurers an automated approach to property risk assessment, helping them reduce inspection backlogs whilst maintaining underwriting standards.

Weekly news - week of september 7, 2026. Investors continue to back fund operations with a new raise in the past week. Data providers are opening distribution channels, senior commercial hires signal a go-to-market push, and AI remains a roadmap priority. New & updated products. Specter has introduced Specter Agent, an AI agent that sources companies, researches markets and runs repeatable workflows across its private-market intelligence and the web. CAIS has released a set of platform enhancements spanning its CAISey assistant, new capital markets capabilities and expanded integrations. ROYC has launched an AI agent that lets GPs and fund administrators query committed capital, calls, distributions and compliance records in natural language. Taghash has released a WhatsApp deal-flow agent that reads inbound pitch decks in context, matches them to existing deals and files attachments and activity to the right record automatically. Drooms has brought full Q&A and user and permission management to its mobile app, letting deal teams run the Q&A process and manage access from a phone. qashqade has enabled natural-language AI querying of its private markets platform through the Model Context Protocol, with no additional plugins or tooling required. FINTRX has launched Fin, an always-on AI agent that surfaces advisor moves, allocation shifts, filings and M&A activity inside email, Slack, Teams and calendar tools. Deal activity. Fundcraft has raised €12m in growth financing co-led by Riverside Acceleration Capital and CCAP Investments, taking total capital raised to €40m. Partnerships & integrations. Intapp has released a DealCloud with Celeste plug-in for ChatGPT for Financial Services, letting deal teams query their firm's client, deal, investor and relationship records from within ChatGPT. Datasite is integrating with Rogo so dealmakers can run Rogo AI tools on live, permissioned Datasite deal content without exporting documents. iConnections has brought Carta into its Get Verified programme, so Carta fund-manager clients can share independent, administrator-sourced performance data directly with allocators researching them. Tracxn has made its private-market intelligence accessible directly inside ChatGPT using the Model Context Protocol, enabling plain-language queries within AI workflows. Quantios has expanded its partnership with Laserfiche specialist Manx Business Solutions to add intelligent document management around its Quantios Core platform for trust and corporate services firms. CB Insights now distributes select private-markets datasets through Nasdaq Data Link, aimed at closing the disclosure gap for institutional investors. New clients. Quantium alongside A11, has been selected by European VC Project A Ventures (c.€1.2bn platform) to rebuild its data foundation, delivering faster reporting and AI-ready data. Chronograph has been adopted by lower-middle-market PE firm Renovus Capital Partners (c.$2.5bn AUM) to automate portfolio data collection, valuations and reporting. Office & personnel. Arcesium has named Brian Rosenberg President, Revenue and Commercial, appointing him to its Executive Committee to lead go-to-market and client development; he was previously President and CRO at Wilshire Indexes. PitchBook has appointed Brian LaMonica as General Manager and Managing Director of its New York office to drive commercial growth. Titanbay has hired Ludovico Buffo to build partnerships with Italian banks, wealth managers and asset managers. Vendor research & whitepapers. Axial has published its 2H 2026 M&A Outlook survey, in which 91% of dealmakers expect competition to hold or increase, only 45% of buyers will stretch on valuation, and 57% cite valuation gaps as the top reason deals failed. Altus Group has released its Q2 2026 US commercial real estate report, showing dollar volume rising faster than deal count, with a breakdown of which sectors captured the most capital. Forge has released Future Private, produced with Charles Schwab, a data-driven report on the trends shaping private markets and their growing role in the broader capital markets. Fintent has published a healthcare M&A propensity analysis flagging biotech and pharma (2.02x) and therapy and rehabilitation (1.52x) as the sub-sectors most primed for dealmaking against a 0.98x sector baseline. Did Holland Mountain Group forget something? Do you have vendor news to share? Holland Mountain Group want to know! Please reach out to Holland Mountain Group at [email protected] Thinking about your data and tech stack? Holland Mountain Group can help! Holland Mountain Group help LPs & GPs find the system, supplier or market data provider that is best-suited for their current and future needs. Get in touch with its team today.