RockRose Risk, the InsurTech firm that gives property owners discounted premiums in exchange for wildfire mitigation work, has raised $12.5m in a Series A funding round.
The round was co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate, one of the world’s largest investment managers with more than $136bn in commercial real estate holdings.
Alongside the raise, RockRose Risk is transforming into a vertically integrated risk manager that brings together autonomous property analysis, mitigation services and insurance cover within a single platform, aiming to cut both wildfire exposure and premiums for property owners.
The company intends to acquire businesses in adjacent fields, such as tree trimming and roofing, so that clients can rely on one partner to assess wildfire risk, carry out mitigation work and arrange insurance. RockRose Risk describes the approach as a first-of-its-kind model for the insurance sector, designed to lower the overall cost of protecting property.
RockRose Risk works with commercial property owners and homeowners across wildfire-exposed regions of California, Colorado and Nevada, including homeowners associations, hotel operators, wineries, farms, strip malls, municipalities and commercial real estate portfolios.
The company cited figures from the National Interagency Fire Center showing that the acreage burned during the 2026 wildfire season has already exceeded the total for all of 2025, with peak fire months still ahead. Property insurance non-renewals have also risen across much of the Western US, affecting all three of RockRose Risk’s core markets.
RockRose Risk is a technology-led insurance brokerage that rewards property owners for improving the safety of their properties. It was founded by Andrew Engler, who has spent 20 years working in catastrophe risk and insurance, and combines wildfire risk assessment, mitigation partnerships and proprietary automation technology to secure meaningful premium reductions for clients in catastrophe-prone markets.
RockRose Risk co-founder and CEO Andrew Engler said, “We’ve proven our model works.
“By combining on-the-ground property assessments, mitigation expertise, and proprietary technology, we’ve driven fundamentally better insurance outcomes. Our next step is to get insurance to operate within holistic systems, just as nature does. Wildfires don’t obey the rules of financial modeling or zip codes alone. We’re making insurance adapt to the rules of a new game: that of a rapidly changing planet.”
Congruent Ventures partner Eliza Cushman said, “Wildfire has fundamentally fractured insurance markets, creating a widespread availability and pricing crisis.
“RockRose has built the AI-native brokerage that ties insurance outcomes directly to property mitigation, so that properties can get more resilient and more insurable. We’re thrilled to co-lead the Series A and support the company’s rapid growth.”
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