Renew Risk Overview
- Year Founded
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2021
- Status
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Private
- Employees
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23
- Latest Deal Type
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Seed
- Latest Deal Amount
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$5.8M
- Investors
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9
Renew Risk General Information
Description
Developer of risk modeling and analytics software designed to drive financing and insurance for new renewable energy assets, specifically offshore wind farms. The company's software offers proprietary models for hurricane and earthquake offshore wind farms, as well as large cloud simulations utilizing machine learning and enhanced credit analysis for reduced financing risks, enabling large insurers, reinsurers and insurance brokers to minimize insurance losses, generate insurance capacity and efficiently cost potential offshore wind farm locations.
Contact Information
Website
www.renew-risk.comCorporate Office
- 1 Cedar Office Park Cobham Road
- Wimborne BH21 7SB
- England, United Kingdom
Corporate Office
- 1 Cedar Office Park Cobham Road
- Wimborne BH21 7SB
- England, United Kingdom
Renew Risk Timeline
Renew Risk Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Seed Round | 13-Feb-2025 | $5.8M | Completed | Generating Revenue | ||
| 4. Accelerator/Incubator | 06-Sep-2023 | Completed | Generating Revenue | |||
| 3. Seed Round | 23-Jun-2023 | Completed | Generating Revenue | |||
| 2. Accelerator/Incubator | 01-May-2023 | Completed | Generating Revenue | |||
| 1. University Spin-Out | 28-Nov-2021 | Completed | Startup |
Renew Risk Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed 2B | ||||||||
| Seed 2A | ||||||||
| Seed | 189,703 | $0.000001 | $4.21 | $4.21 | 1x | $4.21 | 9.51% | |
| Ordinary | 198,234 | $0.000001 | $4.21 | $4.21 | 1x | $4.21 | 9.94% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Renew Risk Comparisons
Industry
Financing
Details
Renew Risk Competitors (1)
One of Renew Risk’s competitors is Wattstor, a Private Equity-Backed company based in London, United Kingdom.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Wattstor | Private Equity-Backed | London, United Kingdom |
Renew Risk Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Renew Risk Patents
Renew Risk Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| GB-202415702-D0 | A method of determining an inoperable time period for an asset | Pending | 20-Apr-2023 | ||
| GB-2633226-A | A method of determining an inoperable time period for an asset | Pending | 20-Apr-2023 | ||
| WO-2024218479-A1 | A method of determining an inoperable time period for an asset | Inactive | 20-Apr-2023 | ||
| US-20240354468-A1 | Method of determining an inoperable time period for an asset | Pending | 20-Apr-2023 | G06Q10/0635 |
Renew Risk Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Renew Risk Investors (9)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Lloyd's of London | Corporation | Minority | ||
| Molten Ventures | Venture Capital | Minority | ||
| Lloyd's Lab | Accelerator/Incubator | |||
| Angel (individual) | Minority | |||
| Gateway Seed II | Venture Capital | Minority |
Renew Risk FAQs
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When was Renew Risk founded?
Renew Risk was founded in 2021.
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Where is Renew Risk headquartered?
Renew Risk is headquartered in Wimborne, United Kingdom.
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What is the size of Renew Risk?
Renew Risk has 23 total employees.
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What industry is Renew Risk in?
Renew Risk’s primary industry is Other Energy Services.
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Is Renew Risk a private or public company?
Renew Risk is a Private company.
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What is the current valuation of Renew Risk?
The current valuation of Renew Risk is .
-
What is Renew Risk’s current revenue?
The current revenue for Renew Risk is .
-
How much funding has Renew Risk raised over time?
Renew Risk has raised $7.45M.
-
Who are Renew Risk’s investors?
Lloyd's of London, Molten Ventures, Lloyd's Lab, , and Gateway Seed II are 5 of 9 investors who have invested in Renew Risk.
-
Who are Renew Risk’s competitors?
Wattstor is a competitor of Renew Risk.
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