nettle

London-based insurtech Nettle has successfully raised £3.6m in seed funding led by MTech, alongside participation from Project A Ventures, Sure Valley Ventures, Portfolio Ventures, Ventures Together, and angel investors, bringing its total funding to $6.8m.

Summary of transaction details:

• Value: £3.6 million
• Sector: Fintech
• Advisor: Not disclosed
• Key Entities: Nettle, MTech, Project A Ventures
• Location: London, UK

Note: The funding will enable Nettle to accelerate its global expansion across the US and Europe while growing its engineering and go-to-market teams to meet increasing demand for its AI-powered risk inspection platform.