Wrisk Bags £12m to Drive EU Expansion
Deal News | Jul 09, 2025 | Business Cloud
Wrisk, a London-based InsurTech firm known for its work with automotive giants like BMW, Mercedes-Benz, and Jaguar Land Rover, has raised £12m in a Series B funding round. The funding, co-led by Mundi Ventures and Opera Tech Ventures—the venture arm of BNP Paribas—aims to support Wrisk's expansion into Europe. With regulatory licenses and a commercial team already stationed in Munich, Wrisk plans to extend its premium, data-driven embedded insurance solutions to new clients. The firm has witnessed significant growth, writing over 100,000 policies and achieving triple-digit revenue increases since 2024. Mundi Ventures and Opera Tech Ventures will also join the board of directors, signifying endorsement of Wrisk's vision to enhance data capabilities and grow both in the UK and Europe.
Sectors
- InsurTech
- Automotive
Geography
- United Kingdom – Wrisk is based in London and is a UK company making significant strides in the InsurTech sector.
- European Union – The company's expansion plans are focused on the European market, where they have already begun to establish a presence with regulatory licenses and a commercial team in Munich.
Industry
- InsurTech – The article is focused on Wrisk, a company operating in the InsurTech sector, offering innovative insurance technology solutions primarily for the automotive industry.
- Automotive – Wrisk's clients include major automotive manufacturers, and the company provides embedded insurance solutions specifically tailored for this industry.
Financials
- £12m – The amount raised by Wrisk in its Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wrisk | Target company | Company | A London-based InsurTech firm providing embedded insurance solutions, especially for automotive manufacturers. |
| Mundi Ventures | Investor | Company | A venture capital firm that co-led the £12m Series B funding round for Wrisk. |
| Opera Tech Ventures | Investor | Company | The venture arm of BNP Paribas, co-leading the investment in Wrisk. |
| BMW, Mercedes-Benz, Jaguar Land Rover | Clients | Company | Automotive manufacturers that are clients of Wrisk. |