Wrisk Secures £12m Series B for Expansion
Deal News | Jul 08, 2025 | UK Tech Funding
London-based insurtech company Wrisk has successfully completed a £12 million Series B funding round co-led by Mundi Ventures and Opera Tech Ventures, the venture capital arm of BNP Paribas. Wrisk provides embedded insurance solutions tailored for the automotive industry, partnering with major brands like BMW, Volvo, Mercedes-Benz, and Jaguar Land Rover. The company uses a proprietary platform to harness vehicle data, creating personalized insurance products through intelligent scoring. Led by CEO Nimeshh Patel, Wrisk plans to utilize the new investment to drive growth in the UK and Europe, enhance its data and intelligence capabilities, and expand partner programs. Munich is highlighted as a crucial growth market. Mundi Ventures and Opera Tech Ventures expressed strong confidence in Wrisk's innovative approach and robust technology stack that supports seamless, data-driven insurance experiences.
Sectors
- Insurance Technology (Insurtech)
- Automotive
- Venture Capital
Geography
- United Kingdom – Wrisk is a London-based company, and the expansion plans involve the UK market.
- Germany – Wrisk has a presence in Munich, which is mentioned as a key location in its expansion strategy.
- Europe – The expansion plans of Wrisk include broader European markets, aiming to grow their business across the continent.
Industry
- Insurance Technology (Insurtech) – The article is centered around Wrisk, a company specializing in embedded digital insurance solutions for the automotive industry.
- Automotive – Wrisk partners with major automotive brands to provide its digital insurance solution, indicating a strong connection to the automotive sector.
- Venture Capital – The funding round was co-led by Mundi Ventures and Opera Tech Ventures, highlighting the involvement of venture capital in Wrisk's growth strategy.
Financials
- £12 million – The amount raised in Wrisk's Series B funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Wrisk | Target | Company | An insurtech provider offering embedded insurance solutions for the automotive industry. |
| Mundi Ventures | Investor | Company | A venture capital firm co-leading the £12m Series B funding round for Wrisk. |
| Opera Tech Ventures | Investor | Company | The venture capital arm of French bank BNP Paribas, co-leading the funding round. |
| Nimeshh Patel | Chief Executive Officer | Person | CEO of Wrisk leading the company through its expansion and innovation strategy. |
| Niall Barton | Founder | Person | Founder of Wrisk. |
| BMW, Volvo, Mercedes-Benz, Jaguar Land Rover | Partners | Company | Major automotive brands partnering with Wrisk to embed their digital insurance platform. |