Renew Risk, a London, UK-based domain leader in risk modelling and analytics for renewable energy assets, raised £5m in funding.
The round was led by Molten Ventures with participation from Lloyd’s, existing investors Insurtech Gateway and angel investors.
The company intends to use the funds to enhance its proprietary risk models suite, expanding its team of risk modellers and climate experts, and extend its market reach globally.
Led by Ashima Gupta, CEO and Co-Founder, Renew Risk pairs advanced analytics with deep industry expertise to provide insights to (re)insurers, insurance brokers, bankers, developers and asset managers into physical risks like hurricanes, earthquakes and severe connective storms affecting renewable energy assets like offshore wind farms and solar farms. These models enable all participants in financial markets to make data-driven decisions, ensuring more resilient and sustainable coverage and investments.
Renew Risk has already established itself as a partner within the insurance industry where number of its clients are currently using the product.
FinSMEs
03/03/2025