Wrisk, an InsurTech focused on embedded automotive insurance, has raised £12m in a Series B round to accelerate its European growth.
The round was co-led by Mundi Ventures and Opera Tech Ventures, the venture arm of BNP Paribas. Existing investors QBN and Volution also took part.
Wrisk offers a data-driven platform for automotive brands to deliver embedded, branded insurance throughout the ownership journey, covering quoting, renewal and claims within a digital experience.
The new funding will support Wrisk’s European expansion, with the company building its team in Munich and using its regulatory licences to grow in the region and help UK partners scale.
The company already supports brands like BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis, reporting triple-digit revenue growth in 2024 and over 100,000 policies written.
Wrisk uses real-time data to improve pricing, claims and customer engagement for automotive clients, backed by its proprietary embedded data framework that integrates connected car systems and telematics.
Wrisk CEO Nimeshh Patel said, “We have been at the forefront of shaping digital automotive insurance solutions. Out approach to innovation, with a focus on exceptional user experience, has attracted and retained globally recognisable partners, demonstrating the value in out propositions.”
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