Wrisk Raises £12m in Series B Funding for Insurtech Expansion
Deal News | Jul 11, 2025 | UK Tech Funding
This week's update on UK tech funding showcases key developments in the tech startup sector, featuring notable financial support for companies such as Wrisk and Gradient Labs. Across the period from July 7 to July 11, a significant investment of £32.05m was reported in UK tech businesses, marking a 46% decrease from the previous week and covering six distinct funding rounds. Wrisk, an insurtech startup based in London, successfully raised £12m in a Series B funding round led by investors Mundi Ventures and Opera Tech Ventures. Known for its embedded insurtech solutions in the auto industry, Wrisk continues to make strides with this new capital injection. Additionally, the AI-driven startup Gradient Labs, focused on creating customer service agents for the financial sector, celebrated its Series A funding round facilitated by investors including Redpoint Ventures, with further support from funds such as Exceptional Capital and Liquid 2. Both these companies reflect the vibrant and evolving landscape of the UK tech sector, which despite recent fluctuations continues to draw significant interest and investment.
Sectors
- Insurtech
- Artificial Intelligence
- Venture Capital
Geography
- United Kingdom – The activities and investments are centered in the UK, highlighting the country's vibrant and active tech startup ecosystem.
Industry
- Insurtech – Wrisk operates in the insurtech sector, providing innovative insurance technology solutions tailored to the auto industry.
- Artificial Intelligence – Gradient Labs is classified under AI, focusing on the development of artificial intelligence solutions for customer service applications in the financial sector.
- Venture Capital – Investment backing from various venture capital firms in the funding rounds indicates significant activity in the venture capital industry.
Financials
- £12m – Amount raised by Wrisk in the Series B funding round.
- £32.05m – Total investment tracked in the UK tech sector from 7 July to 11 July.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wrisk | Target Company | Companies | A London-based insurtech startup specializing in embedded insurance solutions for the auto industry. |
| Mundi Ventures | Investor | Companies | A venture capital fund involved in Wrisk's Series B funding round. |
| Opera Tech Ventures | Investor | Companies | An investment firm that participated in Wrisk's Series B funding. |
| Gradient Labs | Target Company | Companies | An AI startup focused on developing customer service agents for the financial sector. |
| Redpoint Ventures | Investor | Companies | A venture capital firm that led Gradient Labs' Series A funding round. |
| Exceptional Capital | Investor | Companies | A participating VC fund in Gradient Labs' Series A funding round. |
| Liquid 2 | Investor | Companies | A venture capital firm that took part in Gradient Labs' Series A funding. |
| LocalGlobe | Investor | Companies | A venture capital firm involved in Gradient Labs' Series A funding round. |
| Puzzle Ventures | Investor | Companies | A VC fund that participated in Gradient Labs' Series A round. |