Haatch and Aviva Invest £950K in AI Insurance Broker Meshed, Founded by Mark Costello, Jake Wells and Vincent Liu
At a glance
This article covers the August 2025 pre-seed funding round for Meshed, the UK’s first AI-native insurance broker, founded by Mark Costello, Jake Wells, and Vincent Liu.
What does Meshed Cover do?
Meshed is an AI-native commercial insurance broking platform that automates quoting, insurer chasing and policy administration using AI agents such as voice and browser agents. It connects with business data to provide proactive, real-time coverage updates and reduces the typical quoting process from around one hour to nine minutes.
Why is Meshed Cover useful?
Meshed addresses high levels of underinsurance among UK SMEs, which the company cites as around 80%, by reducing reliance on outdated systems and manual workflows in traditional brokers. By automating administrative tasks and speeding up quoting, it aims to lower fees and minimise the risk of businesses being underinsured.
How much did Meshed Cover raise?
Meshed raised £950k in an oversubscribed pre-seed round, led by Haatch with participation from Aviva via Founders Factory, Exponential Science Foundation and angel investors. The round equates to approximately €1.10 million.
Who invested in Meshed Cover?
Meshed closed an oversubscribed £950K pre-seed round led by Haatch, with participation from Aviva via Founders Factory, Exponential Science Foundation, and angel investors. The funding will accelerate development of Meshed’s AI-powered broking platform and expand its engineering and insurance expertise.
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Who founded Meshed Cover?
Mark Costello, CEO – Over 25 years in insurance, including founding and scaling Taveo, a tech-enabled broker, to ~£20M GWP in four years before its 2024 exit.
Jake Wells, COO – Eight years in insurance and five in startups, including senior roles at Flock and Ascot, with a track record in scaling operations and product teams.
Vincent Liu, CTO – Imperial College London graduate in computer science and maths, with engineering roles at Acturis, LandTech, and others, plus founding unlost.ai.
Where is Meshed Cover based?
Meshed is based in Glasgow, UK.
What sector is Meshed Cover in?
An estimated 80% of UK SMEs are underinsured, largely due to outdated manual brokerage processes and high fees. Insurtech solutions like Meshed are addressing this gap by combining AI automation with traditional industry expertise, streamlining workflows, reducing costs, and improving coverage accuracy. As more SMEs adopt AI-driven insurance solutions, the sector is poised for significant transformation in speed, transparency, and customer experience.
For a deeper look at innovation in this space, see the latest funded Insurtech startups in the UK
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