– Using big data and machine learning to enable social groups to save on business insurance
– Launched Foxden with Munich Re Digital Partners in Feb, with products for health & fitness professionals, home contractors and more

Novee AI Raises £1.6M to Build Intelligence Layer for Commercial and Specialty Underwriting
Novee AI, a London-based insurtech startup, has secured £1.6 million in pre-seed funding to develop its AI-powered risk assessment platform for commercial and specialty insurance. The round was led by early-stage B2B SaaS investor 42Cap, with additional backing from Insurtech Gateway, a prominent investor in insurance technology.