Wrisk bags £12m to expand auto insurance platform

July 9, 2025

Wrisk, an InsurTech company specialising in embedded insurance for the automotive sector, has secured £12m in its Series B funding round to support its strategic growth plans.

The investment round was co-led by Mundi Ventures and Opera Tech Ventures, the venture arm of BNP Paribas. Existing backers QBN and Volution also participated in the round, reinforcing their confidence in Wrisk’s long-term growth strategy.

Wrisk provides a data-driven platform that enables automotive brands to deliver embedded and branded insurance seamlessly across the entire vehicle ownership journey. The platform supports processes from quoting and binding to renewals and claims, all integrated into a digital experience for customers.

The fresh funding will be used to accelerate Wrisk’s European expansion, with the company aiming to support new clients while enabling existing UK partners to scale into European markets. Wrisk already has a commercial team in Munich and has secured the necessary regulatory licences to expand its reach across the region.

Wrisk’s embedded insurance platform is already in use by major automotive brands including BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis. The company has reported triple-digit revenue growth in 2024, with more than 100,000 policies written during the year.

The company’s platform leverages real-time data from vehicle, insurance, financial and behavioural sources to enhance decision-making across pricing, claims and customer engagement.

Its proprietary embedded data framework for automotive OEMs allows integration of connected car systems, telematics and transactional data, supporting scalable intelligence powered by machine learning models that adapt to evolving customer behaviours and vehicle technology.

Wrisk CEO Nimeshh Patel said, “We have been at the forefront of shaping digital automotive insurance solutions. Out approach to innovation, with a focus on exceptional user experience, has attracted and retained globally recognisable partners, demonstrating the value in out propositions.”