Wrisk Funding News- London-based Wrisk Secures €13.9 Million Funding
Jul 9, 2025 | By Kailee Rainse

UK-based InsurTech startup Wrisk, which provides embedded insurance solutions for the automotive OEM sector, has closed its Series B funding round, raising €13.9 million to fuel growth and advance its strategic goals.
SUMMARY
- UK-based InsurTech startup Wrisk, which provides embedded insurance solutions for the automotive OEM sector, has closed its Series B funding round, raising €13.9 million to fuel growth and advance its strategic goals.
The round was co-led by Mundi Ventures and Opera Tech Ventures (BNP Paribas’ venture arm), who will also join Wrisk’s board. Existing investors QBN and Volution participated as well, showing continued confidence in the company’s long-term vision.
“We have been at the forefront of shaping digital automotive insurance solutions. Our approach to innovation, with a focus on exceptional user experience, has attracted and retained globally recognisable partners, demonstrating the value in our propositions. It has also attracted significant investment interest, and we now welcome Mundi Ventures and Opera Tech Ventures to our board, firms that align with our strategic ambitions.
“This funding represents an endorsement of Wrisk’s vision, as we aim to accelerate UK and European growth, enhance our data and intelligence capabilities, and scale our partner programmes, transforming how insurers and automotive brands connect with their customers,” said Nimeshh Patel, CEO of Wrisk.
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Wrisk partners with both insurers and OEMs to launch and scale tailored, multi-product insurance solutions that adapt to customer needs and encourage cross-selling.
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The platform powers insurance programs for major brands like BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, and Stellantis. In 2024, Wrisk saw triple-digit revenue growth and issued over 100,000 policies.
Now expanding across Europe, Wrisk aims to meet rising demand as car makers digitize the customer experience. The company’s long-term goal is to become the leading embedded insurance partner for the global auto industry.
As the industry shifts toward electric, connected, and autonomous vehicles, Wrisk sees insurance playing a bigger, more dynamic role in future mobility.
“Our investment in Wrisk reflects our belief in their holistic approach to embedded insurance. The business has demonstrated a clear understanding of the evolving needs of automotive manufacturers, delivering effective insurance solutions that have brought market- leading scale. We are pleased to support Wrisk’s European expansion and their continued efforts to advance the opportunity of embedded insurance,” added Rafaela Andrade, Partner at Mundi Ventures.
Wrisk leverages real-time data from insurance, vehicles, finance, and user behavior to enable smarter decisions in pricing, claims, and customer engagement.
At the heart of this is Wrisk’s proprietary embedded data framework, built specifically for automotive OEMs. It unifies data from connected car systems, telematics, transactions and customer interactions to deliver seamless and intelligent insurance experiences.
“Wrisk’s experience in digital insurance and their established partnerships resonated strongly with our investment philosophy. They have built a robust technology stack designed to facilitate seamless, data-driven insurance experiences. The integration of OEM, finance and insurance data for new services represents a forward-looking strategy that can unlock considerable value,” said Marinus Oosterbeek, Managing Partner at Opera Tech Ventures.
Looking ahead, Wrisk aims to grow its international presence while continuing to enhance its data capabilities, intelligence, and platform scalability.
A key priority is enriching data across OEM, finance and insurance partners to unlock deeper insights, enable personalized customer engagement, and improve overall portfolio performance.
“We’re excited to be backing Wrisk again as they raise their Series B. Since our initial investment in December 2023, the team has delivered impressive progress, combining clear strategic focus with strong commercial traction. Wrisk is redefining how insurance is delivered, and we’re proud to support them as they enter this next stage of growth,” said James Codling, Managing Partner at Volution
About Wrisk
Founded in 2016, Wrisk offers a data-driven platform designed for automotive brands to provide embedded, branded insurance throughout the vehicle ownership journey—from quote to claims.
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