Meshed: AI‐native insurance broker for SMEs

Commercial insurance can be opaque and paper‑heavy; Meshed believes AI can make it transparent and affordable.

The Glasgow‑ and London‑based start‑up closed a £950 k pre‑seed round, led by Haatch with participation from Aviva (via Founders Factory), the Exponential Science Foundation and several angel investors. CEO Mark Costello, CTO Vincent Liu and COO Jake Wells founded Meshed after seeing that 80 % of UK SMEs are under‑insured due to slow, manual brokerage processes.

Meshed’s platform uses generative AI to ingest policy documents, business data and external risk feeds, then matches SMEs to appropriate coverage.

A conversational agent collects underwriting data via phone or chat, eliminating lengthy forms. The company has already secured agency agreements with 51 insurers and claims early adopters have cut premiums by up to 52%.

Funds will support predictive‑analytics research, regulatory compliance, user‑experience enhancements and expansion across the UK and EU. Aviva’s group innovation officer sees Meshed as a blueprint for modern brokerage, noting its potential to bring speed and transparency to a traditionally slow market.

With the pre‑seed round oversubscribed, Meshed plans to raise a larger seed round in 2026. The company also aims to build partnerships with accounting platforms to offer embedded insurance at the point of invoicing. In the long term, Meshed could expand into specialty lines and international markets.

Photo: Meshed team, founders Vincent Liu, Jake Wells and Mark Costello (PR Newswire)