Osborne Clarke advises AI-powered risk assessment platform nettle on £1.45M pre-seed funding round

International legal practice Osborne Clarke has advised nettle, an AI-powered platform that revolutionises commercial insurance by streamlining risk assessment, on its £1.45M pre-seed funding round.

The funding round was led by early-stage tech investor Project A, alongside top angel investors from major insurers, startups, and insurance & AI leaders. With this funding, nettle is scaling out its core engineering team, accelerating the risk assessment process in commercial insurance and enabling knowledge transfer to future generations of risk engineers.

The Osborne Clarke team advising on this matter was led by Partner Mathias Loertscher and senior associate Uday Mehra, both in the firm's Corporate team.

"Uday, Mathias and the whole Osborne Clarke team were invaluable partners during our recent raise. From day 1 we were seriously impressed by both the depth of their expertise and their approachability. We highly recommend OC to all fellow Founders."

Nettle Co-Founders Jack Miller and Katya Lait

Mathias commented: "It's been a pleasure for Uday and I to work with Jack and Katya, who are building a transformative AI product to make the commercial insurance market more efficient and help engender stronger relationships between insurers and their clients."

Osborne Clarke's corporate team are considered a go-to practice for many in the tech, media and comms sector, working with leading global businesses, fast-growth start-ups and market challengers. The team advises on all stages of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.