Renew Risk, a London, UK-based startup specializing in risk modeling and analytics for renewable energy assets, has raised €5.9 million in funding.
Investors
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.
Renew Risk Use of Funds
The company will use the funding to expand its proprietary suite of risk models, grow its team, and extend its market reach globally.
About Renew Risk
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
Source: https://www.eu-startups.com/2025/02/renew-risk-bags-e5-9-million-for-insight-on-physical-risks-like-hurricanes-or-earthquakes/