Wrisk Secures £12 Million Series B to Expand Embedded Automotive Insurance Across Europe
Wrisk, a London-based insurtech focused on embedded, data-driven automotive insurance, has closed a £12 million Series B funding round to fuel its growth across Europe. The round was co-led by Mundi Ventures and Opera Tech Ventures, the venture arm of BNP Paribas, both of which will take seats on Wrisk’s board. Existing investors including QBN and Volution also participated, underlining continued confidence in the company’s strategy.
Wrisk builds insurance platforms for automotive OEMs that enable embedded and branded insurance experiences, covering everything from quoting and binding to renewals and claims. Its platform is deeply data-centric, combining information from vehicle telematics, behavioural data, transactional records, and financial inputs to deliver personalized risk scoring and insurance products.
The company powers insurance programmes for major automotive brands such as BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, and Stellantis. In 2024, Wrisk saw triple-digit revenue growth and issued over 100,000 policies, demonstrating strong commercial traction in the U.K. market.
With the fresh capital, Wrisk plans to accelerate its European expansion. It has already established a commercial team in Munich and secured regulatory licences, positioning it to support both new clients in mainland Europe and to help existing U.K. partners scale operations into overseas markets.
Wrisk will also use the funding to deepen its data and intelligence capabilities. Enhancements are expected across pricing, claims management, and customer engagement, leveraging its proprietary embedded data framework designed specifically for automotive use cases.
CEO Nimeshh Patel emphasized that the new investment validates Wrisk’s vision of a more seamless, integrated insurance experience embedded throughout the vehicle ownership lifecycle. Patel said the funding will help the firm improve the user experience and expand partner programmes in line with evolving automotive and mobility trends.
Partners from the investment firms echoed support for Wrisk’s strategic direction. One noted that the company has shown an ability to understand the shifting needs of automakers—electrification, connected vehicles, changing ownership and usage patterns—and to craft insurance solutions that align with these trends.
The move reflects rising demand from automotive OEMs for embedded, branded insurance experiences. As vehicle manufacturers increasingly digitize their customer journeys, they seek insurance offerings that can be integrated into sales, ownership, and servicing workflows—rather than being an afterthought. Wrisk’s platform is tailored to meet that demand.
Wrisk was originally founded in 2016 and has been scaling its embedded insurance model over the past few years. Earlier funding rounds—including Series A and seed-level raises—helped build out its core tech platform and establish partnerships with insurers and automotive companies.
As it looks ahead, Wrisk aims to continue growing its European footprint, especially in territories where digital insurance and embedded insurance models are gaining regulatory and customer momentum. The company believes its strong partnerships, robust platform, and regulatory licenses will help it move quickly in new markets.
By marrying automotive OEM partnership, telematics and behavioural data, and embedded insurance offerings, Wrisk is positioning itself as a key player in the evolving mobility insurance landscape in Europe. The £12 million Series B funding round marks a critical stepping stone for scaling its operations, expanding product capabilities, and increasing market presence outside the U.K.
