British InsurTech startup Wrisk, an embedded insurance technology platform dedicated to the automotive OEM sector, today announced the successful closing of its Series B funding round, securing €13.9 million to support its strategic vision and accelerate growth.
The round was co-led by Mundi Ventures and Opera Tech Ventures (the venture arm of BNP Paribas), both of whom will join Wrisk’s board of directors. Existing investors QBN and Volution also participated in the round, reaffirming their confidence in the company’s long-term potential.
“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.
Founded in 2016, Wrisk provides a data-driven platform, purpose-built for automotive brands to deliver embedded and branded insurance experiences across the full ownership lifecycle, from quote and bind to renewal and claims.
Wrisk acts as a partner to insurers and brands alike, helping them to launch, scale and operate tailor-made, regulated insurance solutions. These are built for multi-product and designed to cross-sell, and evolve in line with the needs of consumers.
Wrisk powers insurance programmes for BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis. This has contributed to triple-digit revenue growth in 2024 with more than 100,000 policies written last year.
Building on this, Wrisk is expanding across Europe to meet growing demand for premium, branded, data-driven insurance as OEMs digitise customer journeys.
Wrisk’s long-term vision is to become the embedded insurance partner of choice for the global automotive industry.
The company explains that major structural shifts such as electrification, connected vehicles, changing ownership models and the development of autonomous technologies are reshaping mobility and, with it, the role of insurance.
“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’s data capability brings together real-time insights from insurance, vehicle, financial and behavioural data to support smarter decision making across pricing, claims and customer engagement.
At the core is Wrisk’s proprietary embedded data framework, developed specifically for automotive OEMs to harmonise inputs across connected car systems, telematics, transactional records and customer interactions.
“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 is focused on expanding its international footprint while continuing to invest in data, intelligence, and platform scalability.
A major focus area includes the enrichment of data across OEM, finance and insurance partners to enable deeper insights, personalised engagement and smarter 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
