Renew Risk Raises €5.9 Million in Funding

Renew Risk Raises €5.9 Million in Funding

Renew Risk, a London, UK-based startup specializing in risk modeling and analytics for renewable energy assets, has raised €5.9 million in funding.

The round was led by Molten Ventures, with additional participation from Lloyd's, Insurtech Gateway, and Angels.

Molten Ventures is a venture capital firm investing in early-stage technology companies. Based in the UK, Molten Ventures focuses on businesses in sectors such as climate tech, fintech, AI, and deep tech.

The company will use the funding to expand its proprietary suite of risk models, grow its team, and extend its market reach globally.

Founded in 2021 by Ashima Gupta, Gaurav Chawla, Joshua Macabuag, and Suby Bhattacharya, Renew Risk provides risk modeling and analytics software for renewable energy developers, insurers, and financiers. It offers insights into physical risks like hurricanes, earthquakes, and severe storms affecting renewable energy assets like offshore wind and solar farms. Renew Risk’s mission is to improve the end-to-end financial lifecycle from planning to insurance to financing renewable energy assets.

Funding Details

Company: Renew Risk

Raised: €5.9M

Round: Unknown

Funding Date: February 2025

Lead Investor: Molten Ventures

Additional Investors: Lloyd’s, Insurtech Gateway, Angels

Company Website: https://renew-risk.com/

Software Category: Risk Modelling and Analytics