# Renew Risk

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/renew-risk

- Industry: Financial Services
- Headquarters: UK
- Website: www.renew-risk.com
- Total disclosed funding: $7.8M
- Latest round: Series A (Feb 3, 2025)
- Investors on record: 5

## About

Based in the UK, and founded in 2021, Renew Risk Limited operates as a developer of financial technology platform that provides analytic financial and insurance services for renewable industries. In September 2023, Renew Risk Limited raised USD GBP 1.7 million in seed funding led by InsurTech Gateway, with participation from OnePlanetCapital and University of Surrey Endowment.

Renew Risk Limited is a firm that focuses in developing risk modeling and analytics tools for the financing and insurance requirements of emerging renewable energy projects, particularly offshore wind farms. The company offers models for assessing hurricane and earthquake hazards in offshore wind farms, cloud-based simulations using machine learning, and improving credit analysis to reduce financing uncertainties. This enables large insurance companies, reinsurers, and brokers to reduce losses, increase insurance capacity, and accelerate cost assessments for prospective offshore wind farm locations.

The company plans to use the September 2023 funding to further develop its product offerings.

## Funding rounds

- Series A, Feb 3, 2025, $6.2M — Molten Ventures, Lloyd's, InsurTech Gateway
- Seed, Jan 11, 2023, $1.6M — University of Surrey Endowment, InsurTech Gateway, OnePlanetCapital

## Investors

- University of Surrey Endowment — Seed
- InsurTech Gateway (https://capitalatlas.ai/funds/insurtech-gateway) — Seed, Series A
- OnePlanetCapital (https://capitalatlas.ai/funds/oneplanetcapital) — Seed
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series A
- Lloyd's — Series A