Volution backs Wrisk's £12m Series B

£12m funding round will fuel Wrisk's European expansion

Volution is proud to support Wrisk in its £12 million Series B funding round, co-led by Mundi Ventures and Opera Tech Ventures, with further backing from QBN. The investment will accelerate Wrisk’s expansion across Europe and the continued scale-up of its embedded insurance platform for the automotive industry.

Since our initial investment in December 2023, Wrisk has delivered strong commercial momentum, with insurance programmes live for BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover and Stellantis. Its data-led, OEM-focused platform enables embedded insurance across the entire vehicle ownership journey — from quote to claims.

Nimeshh Patel, CEO of Wrisk, said:
“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.”

James Codling, Managing Partner at Volution, added:
“Since our initial investment, the team has delivered impressive progress, combining clear strategic focus with strong commercial traction. Wrisk is redefining how insurance is delivered, and we’re proud to support them as they enter this next stage of growth.”

With strong investor support, a proven platform and trusted OEM partnerships, Wrisk is well-positioned to become the embedded insurance partner of choice for the global automotive industry.

You can read more about the funding round in UKTN and on the Wrisk website.