UK-based Meshed Secures £950K In Pre-Seed Round

The funding round was led by Haatch, with additional participation from Aviva through Founders Factory, the Exponential Science Foundation, and multiple angel investors.

Founded by experienced insurance and technology professionals, Meshed seeks to address a longstanding challenge in the sector: the inefficiency and high costs of traditional brokerage, which depend on outdated software and manual processes. By rebuilding the broking system from the ground up with AI at its core, the company aims to significantly cut costs, enhance coverage accuracy, and speed up the quoting process.

“After nearly 20 years in the industry, I’ve seen just how little has changed,” said Mark Costello, CEO and co-founder.

“Insurance is still too reliant on paperwork, underinsurance is far too common, and fees are often higher than they should be. We built Meshed to change that, to bring costs down for SMEs, give them the right protection and make the whole process faster, simpler, and more transparent.”

Meshed’s platform leverages AI-driven browser and voice agents to manage tasks such as gathering quotes, following up with insurers and handling policy administration. The team says this approach also provides real-time policy updates enabling businesses to stay adequately insured as they grow or adjust their operations.

“We’re pretty much rebuilding the entire insurance broking stack so it's AI-native, including the underlying data infrastructure, schemas, and integrations,” said Vincent Liu, Meshed’s CTO and co-founder. “This allows us to let our AI agents loose and ultimately reduce the quoting experience from one hour to nine minutes.”

Meshed has already established agreements with 51 insurers and obtained regulatory approval as an Appointed Representative from the UK Financial Conduct Authority (FCA).

One of the company’s main goals is to tackle underinsurance, a challenge impacting nearly 80% of UK SMEs. Many businesses remain on outdated policies due to broker inertia, high switching costs, or limited insight into their evolving insurance needs.

“The traditional insurance brokerage model is broken,” said Jake Wells, co-founder and COO.

“Brokers spend too much time buried in paperwork and chasing information, rather than advising and supporting clients. Our AI agents change this fundamentally, handling everything from quote generation to policy management, giving human brokers back the most valuable asset they have - time.”

Investors view Meshed as part of a growing wave of AI-first startups disrupting traditionally legacy-driven industries such as insurance.

“We always want to be on the leading edge of enabling our customers to protect themselves as much as they possibly need to and can. In order to do that, we need to keep finding the latest and the brightest ,” said Arslan Hannani, Chief Innovation Officer at Aviva.

“We have to think about the founding team, the idea, the quality of the founders,” he added. “When it came to Meshed, it was pretty easy for us to get on board.”

About Meshed

Business owners often overpay for insurance that doesn’t adapt as they grow. Meshed uses AI to connect with business data, delivering real-time, tailored coverage from top insurers while cutting broker fees by up to 30%. With Meshed, businesses get the right insurance, at the right price, always.