The pre-seed round was backed by EHE Ventures, Insurtech Gateway, and QVentures to fund product development and hiring.
"Marine weather errors cost the industry over £1.2 billion a year and that figure’s growing. A single bad forecast can halt operations, with each idle vessel costing £100K–£700K per day depending on asset class, project stage, and insurance liabilities. We’re solving that with precision forecasting that adapts to local conditions in real-time."
The pre-seed round was led by 42Cap with participation from Insurtech Gateway to accelerate product development.
"Novee is building the AI intelligence layer for underwriting, giving insurers the speed, clarity and control they need to assess complex risks with confidence. With support from 42Cap and Insurtech Gateway, and in close collaboration with leading insurers, we’re not just streamlining underwriting workflows but helping our customers unlock growth and write better business. This funding allows us to accelerate product development, expand across other classes of business and deepen our partnerships with leading insurers."
The pre-seed round was led by the British Business Bank and the Games Angels to advance product development and drive commercial expansion.
"JECO was born out of the belief that if developers are given frictionless ways to improve and enhance their development processes, they can find quicker, cost effective routes to market, and can also start to play an important role in addressing wider environmental issues that may impact our industry in the future. I am incredibly grateful to all our investors for supporting us in our mission; to support developers in making positive behavioural changes through the power of technology."
The Belfast-based app developer has closed a pre-seed round to scale its team and enter the US market.
"The reality is the big tech companies have monetised our time and attention. Every second spent on their platforms translates to revenue. The incentivisation model is all wrong, which is why we as a society are realising a broad range of negative outcomes, from diminishing attention spans to rising anxiety and body image issues. Our mission is to restore individual agency, empowering people to lead healthy, intentional and fulfilling lives."