Wrisk raises £12m in Series B funding co-led by Mundi Ventures and Opera Tech Ventures to drive European expansion.
The Series B round was co-led by Mundi Ventures and Opera Tech Ventures to support international growth and product scaling.
Wrisk provides embedded insurance solutions tailored for the automotive sector, partnering with major car manufacturers. The company delivers data-driven programmes that enable brands to offer integrated insurance services.
Embedded insurance provider Wrisk has secured £12m in a Series B funding round co-led by Mundi Ventures and Opera Tech Ventures, with participation from existing backers QBN and Volution. The capital will be deployed to accelerate the company's expansion across Europe, deepen engagement with current partners, and acquire new clients.
The raise follows a period of strong momentum for the business, which recorded triple-digit revenue growth in 2024 and issued more than 100,000 policies. Wrisk works with major automotive brands including BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, and Stellantis, deploying proprietary data frameworks to unify insurance, vehicle, and financial metrics.
From the founder
"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."
Nimeshh Patel
CEO at Wrisk
Investor perspective
"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."
Rafaela Andrade
Partner, Mundi Ventures
Use of funds
- 01Expand into international markets
- 02Invest in sales and marketing