Volution has co-led a £12 million Series B funding round for Wrisk, aimed at expanding its embedded insurance platform across Europe while enhancing partnerships with leading automotive brands.

Information on the Target

Wrisk is an innovative company that specializes in embedded insurance solutions for the automotive industry. Having launched its platform in December 2023, Wrisk has established partnerships with major Original Equipment Manufacturers (OEMs) including BMW, MINI, Volvo, Mercedes-Benz, Jaguar Land Rover, and Stellantis. Its data-driven approach allows for seamless integration of insurance processes throughout the vehicle ownership journey, effectively enhancing the customer experience from quotes to claims.

The company has recently attracted attention in the investment landscape by securing £12 million in its Series B funding round. This capital will be instrumental in accelerating Wrisk's expansion across Europe and further developing its cutting-edge insurance technology. The aim is to deepen its market presence and establish robust relationships with automotive brands while refining its service offerings.

Industry Overview in the Target’s Country

The embedded insurance sector is rapidly growing within the UK, shaped by shifting consumer expectations and technological advancements. As the automotive industry evolves, the demand for integrated insurance solutions has surged, with consumers seekin