Renew Risk Secures £5 Million Investment for Renewable Energy Innovation
Deal News | Mar 10, 2025 | Mishcon
Renew Risk, a company focused on transforming risk modelling and analytics for renewable energy assets, has successfully raised £5 million in funding. The investment was led by Molten Ventures, with additional participation from Lloyd's of London and Insurtech Gateway. Legal advisory firm Mishcon de Reya played a key role in facilitating the transaction. The funding will bolster Renew Risk's mission to improve the financial lifecycle of renewable energy projects through innovative, science-driven solutions. This development is aimed at enhancing efficiencies in global renewable energy programmes, particularly offshore wind and solar farms.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- United Kingdom – Renew Risk is based in the UK and the funding round was led by UK-based Molten Ventures, with significant contributions from Lloyd's of London.
Industry
- Renewable Energy – The article focuses on Renew Risk, a company involved in risk modelling and analytics for renewable energy assets such as offshore wind farms and solar farms.
- Financial Services – The participation of entities like Lloyd's of London, along with the funding activities led by Molten Ventures, connects the article to the financial services sector.
- Legal Services – Mishcon de Reya, a legal advisory firm, is prominently involved in advising and facilitating the funding round described in the article.
Financials
- £5 million – The amount raised by Renew Risk in the recent funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Renew Risk | Target Company | Company | A firm specializing in risk modelling and analytics for renewable energy assets, specifically focusing on improving economic efficiencies for projects like wind and solar farms. |
| Mishcon de Reya | Legal Advisor | Company | A legal advisory firm that facilitated the funding round for Renew Risk. |
| Molten Ventures | Lead Investor | Company | The lead investor in the funding round for Renew Risk. |
| Lloyd's of London | Investor | Company | A participating investor in the funding round for Renew Risk. |
| Insurtech Gateway | Investor | Company | An existing investor in Renew Risk that participated in the current funding round. |
| Attilio Leccisotti | Legal Partner | Person | Partner at Mishcon de Reya who commented on the transaction. |
| Ashima Gupta | CEO and Co-Founder | Person | CEO and co-founder of Renew Risk, who expressed gratitude for the support from Mishcon de Reya. |