The funding 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 of directors. Existing investors QBN and Volution also participated in the round, reinforcing their long-term commitment to Wrisk’s strategic vision.
Specializing in seamlessly integrated insurance experiences for the automotive sector, Wrisk has developed embedded insurance programmes for several global car brands, including BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, and Stellantis. The company reported triple-digit revenue growth in 2024 and wrote more than 100,000 policies over the past year. Building on this momentum, Wrisk is expanding its European footprint to meet rising demand for branded, digital-first insurance as automakers increasingly shift toward fully digitised customer journeys.
With a commercial team already established in Munich and regulatory licenses secured, Wrisk is well-positioned to support new clients in mainland Europe while enabling its existing UK partners to scale internationally. This strategic expansion comes as original equipment manufacturers (OEMs) seek more integrated insurance offerings that align with their brand, enhance customer experience, and support loyalty.
Commenting on the raise, Nimeshh Patel, CEO of Wrisk, said, “We have been at the forefront of shaping digital automotive insurance solutions. Our approach to innovation, with a focus on exceptional user experience, has attracted and retained globally recognisable partners, demonstrating the value in our propositions. It has also attracted significant investment interest, and we now welcome Mundi Ventures and Opera Tech Ventures to our board, firms that align with our strategic ambitions. This funding represents an endorsement of Wrisk’s vision, as we aim to accelerate UK and European growth, enhance our data and intelligence capabilities, and scale our partner programmes, transforming how insurers and automotive brands connect with their customers.”
The Series B raise marks a pivotal milestone in Wrisk’s development and will accelerate the company’s European expansion, deepen collaboration with current partners, and enable new customer acquisition. The company’s embedded insurance platform is underpinned by its proprietary data framework, developed specifically for automotive use cases. This framework harmonises insurance, vehicle, financial, and behavioural data to create scalable, personalised, and intelligent insurance experiences that are seamlessly integrated into the ownership journey.
Rafaela Andrade, Partner at Mundi Ventures, said, “Our investment in Wrisk reflects our belief in their holistic approach to embedded insurance. The business has demonstrated a clear understanding of the evolving needs of automotive manufacturers, delivering effective insurance solutions that have brought market-leading scale. We are pleased to support Wrisk’s European expansion and their continued efforts to advance the opportunity of embedded insurance.”
Marinus Oosterbeek, Partner at Opera Tech Ventures, added, “Wrisk’s experience in digital insurance and their established partnerships resonated strongly with our investment philosophy. They have built a robust technology stack designed to facilitate seamless, data-driven insurance experiences. The integration of OEM, finance and insurance data for new services represents a forward-looking strategy that can unlock considerable value.”
With strong investor backing, trusted partnerships across the automotive sector, and a platform designed to evolve alongside industry needs, Wrisk is well-positioned to lead the next chapter of embedded insurance. Its focus on intelligent, connected, brand-aligned offerings aims to reshape how insurers, automakers, and customers engage throughout the vehicle lifecycle.
