SVV Fund II makes new investment in Nettle Limited

6 October 2026

Mindflair plc

("Mindflair" or the "Company")

SVV Fund II makes new investment in Nettle

Investment in AI workspace for insurance Loss Control

Mindflair plc, the AIM-quoted company focused on investing in Artificial Intelligence (“AI”) related technology, is pleased to note that Sure Valley Ventures’ second fund (“SVV2”), in which Mindflair holds an interest, has made a new investment in Nettle Limited (“Nettle”), as part of an oversubscribed $4.8 million seed funding round (the “Funding Round”).

The Funding Round was led by MTech, with existing investor Project A Ventures making a significant follow-on investment, alongside SVV, Portfolio Ventures, Ventures Together and selected angel investors. The Funding Round brings Nettle’s total funding to $6.8 million, following a $2.0 million pre-seed round in March 2025.

Nettle has developed an AI Workspace for loss control that helps commercial insurers identify, capture, analyse and report physical risk more efficiently. According to Nettle, its platform enables insurers to complete risk inspections five times faster and is already used by insurers including Allianz and Brotherhood Mutual across Europe, the US and Asia.

Founded in 2024 by former QuantumBlack colleagues Jack Miller and Katya Kinane, Nettle will use the new funding to expand across the US and Europe and grow its engineering and go-to-market teams.

Mindflair has built a portfolio of over 40 AI-focused companies to date and continues to support its investee businesses as they develop their technologies and scale internationally.

Nicholas Lee, Director of Mindflair plc, commented:

“We are pleased to see SVV2 invest in Nettle alongside a strong group of specialist investors. Nettle is applying AI to a clear operational challenge in commercial insurance, and its existing customer adoption and international presence are encouraging signs of progress.”

The Directors of the Company are responsible for the release of this announcement. The person who arranged for the release of this information is Nicholas Lee, a director of the Company.

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Notes to Editors

Mindflair plc (AIM: MFAI) is an investment company providing investors with access to a portfolio of next generation technology businesses focused on AI with significant growth potential. The Company is building an investment portfolio of high-tech businesses focused on Artificial Intelligence, across such areas as Internet of Things, Cyber Security, Machine Learning, Immersive Technologies and Big Data, which the Board believes demonstrate evidence of traction and the potential for exponential growth, due to increasing global demand for development in these sectors. For further information, visit: http://www.mindflair.tech/.

Nettle is an AI technology company providing an AI Workspace for Loss Control to the commercial insurance industry. Its platform helps insurers identify, capture, analyse and report physical risk more efficiently, enabling risk inspections to be completed faster and providing more timely information for underwriting and risk management decisions. Nettle works with insurers including Allianz and Brotherhood Mutual across Europe, the US and Asia. Further information is available at www.getnettle.com.