Wrisk secures £12m series B to embed branded car insurance via telematics
This article covers Wrisk, an insurtech startup, and its Series B funding round which raised £12m to accelerate its platform for embedding branded insurance into automotive customer journeys and to expand across Europe. The capital is intended to scale Wrisk's data and intelligence capabilities, grow its commercial presence in Europe and support vehicle manufacturers integrating branded insurance into their digital sales and aftercare channels.
Wrisk has closed a series B funding round, raising £12 million to accelerate its platform for embedding branded insurance into automotive customer journeys and to expand across Europe. The capital will be used to scale Wrisk’s data and intelligence capabilities, grow its commercial presence on the continent and support existing relationships with vehicle manufacturers.
Why it matters
Embedded insurance is moving from experiment to expectation as vehicle manufacturers digitise sales, finance and aftercare. Wrisk’s raise matters because it backs a vendor already working with major original equipment manufacturers and because it signals continued investor interest in insurtech solutions that combine data, telematics and digital experiences for car buyers and owners.
Inside the product
Wrisk offers a data-driven platform designed to integrate insurance across the vehicle ownership lifecycle: quote, bind, renewal and claims. The company aggregates real-time inputs from vehicle systems, telematics, transactional records and customer interactions into a proprietary embedded data framework. That data feeds machine learning models for pricing, claims handling and customer engagement, and is intended to be vendor-agnostic so OEMs can present branded insurance offers within their digital interfaces.
In the UK the approach has yielded commercial traction: Wrisk powers insurance programmes for 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 last year, figures that underpinned its recruitment of a commercial team in Munich and efforts to secure regulatory licences for European expansion.
Who are the investors?
The series B was co-led by Mundi Ventures and Opera Tech Ventures, the venture arm of BNP Paribas, both of which will join Wrisk’s board of directors. Existing backers QBN and Volution also participated in the round.
Mundi Ventures is a Madrid-headquartered VC with around €500 million in assets under management and a portfolio spanning insurance, retail and deep tech. Opera Tech Ventures invests on behalf of the BNP Paribas Group, typically backing European and North American companies at Series A to C with minority stakes; the fund says it focuses on technology that transforms financial services.
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Founder perspective
Wrisk framed the round as funding for international growth and product investment. The company said proceeds will be used to deepen data enrichment across OEM, finance and insurance partners, improve platform scalability and support existing UK clients as they expand into European markets.
The bigger picture
Wrisk’s raise is part of a broader trend: automotive manufacturers are increasingly treating insurance as a customer-experience and revenue channel, not just a back-end product. That shift creates room for vendors that can fuse connected-car data with underwriting and digital distribution. For insurtech investors, the prize is a repeatable, OEM-facing solution that can travel with vehicle brands across markets.
The deal also highlights continued capital flow between Spanish and French-backed funds and UK-founded insurtechs, underscoring cross‑European investor interest in companies that address vehicle digitisation.
This funding round arrives as the UK and European markets refine regulatory approaches to embedded finance and connected-vehicle data, a context that will shape how quickly OEM-led insurance offerings scale beyond early adopter programmes.
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