Wrisk, a London-based embedded insurtech provider specialising in the automotive industry, has successfully closed a £12 million Series B funding round. This significant investment will enable the company to accelerate its expansion across the UK and Europe.
Wrisk integrates its digital insurance platform directly into the services of major automotive brands, including BMW, Volvo, Mercedes-Benz, and Jaguar Land Rover. The firm has also developed a proprietary platform that leverages direct vehicle data to create personalised insurance products through what it terms “intelligent scoring.”
Nimeshh Patel, Wrisk’s CEO, commented: “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. 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 newly secured funds will primarily support Wrisk’s expansion initiatives across Europe, with a particular focus on Munich, where the company already has a presence and sees significant growth potential.
Image source: LinkedIn
