Wrisk is pleased to announce the successful closing of its Series B funding round, securing £12 million to support its strategic vision and accelerate growth.
The round was co-led by Mundi Ventures and Opera Tech Ventures (the venture arm of BNP Paribas), both of whom will join Wrisk’s board of directors. Existing investors QBN and Volution also participated in the round, reaffirming their confidence in the company’s long-term potential.
The raise highlights growing demand for Wrisk’s data-driven platform, purpose-built for automotive brands to deliver embedded and branded insurance experiences across the full ownership lifecycle, from quote and bind to renewal and claims, all integrated within a seamless digital journey.
In the UK, this strategy has delivered strong commercial traction. Wrisk powers insurance programmes for BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis.
This momentum contributed to triple-digit revenue growth in 2024 with more than 100,000 policies written last year.
Building on this foundation, Wrisk is expanding across Europe to meet growing demand for premium, branded, data-driven insurance as OEMs digitise customer journeys. With a commercial team in Munich and regulatory licences secured, the company is positioned to grow its presence across the region by supporting new clients and enabling existing UK partners to scale into European markets.
A leading embedded insurance provider for the automotive sector
Wrisk’s long-term vision is to become the embedded insurance partner of choice for the global automotive industry. With a dedicated focus on the sector, the company has developed a deep understanding of the industry’s evolving landscape. Major structural shifts such as electrification, connected vehicles, changing ownership models and the development of autonomous technologies are reshaping mobility and, with it, the role of insurance.
While the idea of offering insurance alongside a vehicle purchase was once novel, Wrisk has redefined this concept by embedding insurance throughout the entire customer journey. For Wrisk, embedded insurance is not a feature, but a mindset. The company’s platform supports every aspect of this journey, from secure authentication and seamless digital interfaces to deep data exchange and intelligence services. Together, these capabilities form a scalable, high-performance proposition tailored to the needs of each OEM and its customers.
Wrisk’s data capability brings together real-time insights from insurance, vehicle, financial and behavioural data to support smarter decision making across pricing, claims and customer engagement. At the core is Wrisk’s proprietary embedded data framework, developed specifically for automotive OEMs to harmonise inputs across connected car systems, telematics, transactional records and customer interactions. This foundation enables scalable intelligence, powered by machine learning models that evolve with changes in vehicle technology, customer behaviour and market dynamics.
Ambitious & bright future
Looking ahead, Wrisk is focused on expanding its international footprint while continuing to invest in data, intelligence, and platform scalability. A major focus area includes the enrichment of data across OEM, finance and insurance partners to enable deeper insights, personalised engagement and smarter portfolio performance.
With strong investor backing, trusted partnerships with leading automotive brands, and a platform designed to evolve with the industry, Wrisk is strategically placed to lead the next chapter of embedded insurance, one that is intelligent, connected, brand-aligned and seamlessly integrated across the entire vehicle ownership experience.
About Mundi Ventures:
Founded in 2015, Mundi Ventures is a Venture Capital firm headquartered in Madrid with €500 million in assets under management. Mundi Ventures and its team have supported over 70 tech companies worldwide, with a focus on Insurance, Retail, and Deep Tech. The firm acts as a platform for thematic investments, strategically targeting emerging trends across various industries. Mundi Ventures operates with a highly international team, consisting of 25 employees from 17 different nationalities, bringing a diverse global perspective to its investment approach.
About Opera Tech Ventures:
Launched in 2018, Opera Tech Ventures (OTV) is a Venture Capital fund operating exclusively for the BNP Paribas Group and entrusted to BNP Paribas Asset Management’s Private Assets teams. Dedicated to the transformation of the financial industry, the fund supports start-ups by investing minority stakes from €3 million to €15 million from Series A to Series C, mainly in Europe and North America. Since its launch, OTV has invested in 17 startups and made three successful exits.