Wrisk Secures £12M Investment from Mundi Ventures
Deal News | Jul 15, 2025 | Alma Mundi Ventures SGEIC SA
Mundi Ventures, a venture capital firm with a strong focus on insurance, retail, and deep tech investments, has announced a significant investment in Wrisk, an innovative embedded insurance platform servicing the automotive sector, in a £12 million Series B funding round. Co-led by Mundi Ventures and Opera Tech Ventures, the round also saw continued support from existing investors QBN and Volution. Wrisk has established itself as a market leader in providing seamless, integrated insurance experiences for automotive brands like BMW, MINI, and Volvo. With the new capital, Wrisk aims to expand across Europe, targeting key markets including Germany and France, and enhancing its AI and data analytics capabilities. This strategic move is aimed at capitalizing on a burgeoning €3.4 billion market opportunity in embedded automotive insurance. Mundi Ventures leverages its vast network of partnerships with global insurance carriers and reinsurers, providing significant insights into the future of insurance. The firm manages over €500 million in assets and has invested in over 90 technology companies worldwide, including those in the insurtech space like Wrisk.
Sectors
- InsurTech
- Venture Capital
- Automotive
Geography
- United Kingdom – Wrisk is based in the UK and has issued policies exclusively there so far, making it a primary geographic focus.
- Spain – Mundi Ventures is headquartered in Madrid, Spain, and is a major investor in Wrisk, reflecting the firm's European roots and investment focus.
- Europe – Wrisk plans to expand into major European markets, including Germany and France, making Europe a strategic region for its growth.
Industry
- InsurTech – The article discusses Wrisk, which is a company focusing on technology and data-driven solutions in the insurance sector, specifically for the automotive industry.
- Venture Capital – Mundi Ventures, a venture capital firm, is a significant player in the funding of Wrisk, highlighting investment trends and strategic capital allocation in tech.
- Automotive – Wrisk focuses on providing insurance solutions to automotive OEMs like BMW, MINI, and Volvo as part of their platform offerings.
Financials
- £12,000,000 – The amount raised by Wrisk in the Series B funding round.
- €3.4 billion – The estimated market opportunity for embedded insurance solutions in Europe.
- €500,000,000 – The amount Mundi Ventures manages in assets under management.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wrisk | Target Company | Company | Wrisk is an insurtech platform providing embedded insurance solutions for the automotive sector. |
| Mundi Ventures | Investor | Company | A venture capital firm with a focus on insurtech, invested £12 million in Wrisk's Series B funding round. |
| Opera Tech Ventures | Co-Investor | Company | Co-led the Series B funding round for Wrisk alongside Mundi Ventures. |
| QBN | Existing Investor | Company | Participated in the Series B round, continuing their investment in Wrisk. |
| Volution | Existing Investor | Company | Provided continued support to Wrisk in the Series B funding round. |
| Allianz | Capacity Provider | Company | One of the capacity providers backing Wrisk's insurance solutions. |
| BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, Stellantis | OEM Partners | Company | Automotive brands for which Wrisk provides embedded insurance solutions. |