Nuon AI raises £300k

Uk-based Nuon AI has raised £300k in its first round of investment from Haatch Ventures, an early stage venture fund. Founded in 2020, the startup provides insurers, MGA, and brokers with AI-led tools that can be applied across the insurance value chain.

The company also formalized the appointment of Paul Doran as Partner, responsible for Nuon’s growth and customer strategy. “We are known entities as a team, we were part of the founding team of INSHUR. I have been working behind the scenes on investment and go-to-market strategy since the start of the year. I have been impressed with the technical development and pleased to be bringing to market a genuine AI innovation. Not only does the product deliver profit and performance gains for the insurer, it delivers fair value for the end customer.” – Paul Doran.

“We are delighted to be on the growth journey with Nuon. The business has created an easy-to-integrate AI platform via an API to better price risk. The team is highly impressive having already worked together and successfully exited another insurance platform. We are excited to be able to back them at this early stage on their next venture.” – Simon Penson, Partner at Haatch.