Renew Risk, a former Surrey University spin-out, has secured £5m in investments to scale its risk analytics solutions for renewable energy assets. The company, which started at Surrey Research Park’s SETsquared business incubator, benefited from business growth mentoring and investor readiness training, helping it secure £1.7m in seed funding in 2023 before attracting recent major investors like Molten Ventures and LLoyd’s.
Using advanced data science and industry expertise, Renew Risk helps insurers, brokers, and asset managers navigate climate-related risks affecting offshore wind, solar farms and renewable energy projects. Now, with fresh investment, the company is expanding its risk model suite, growing its team and extending its global market reach.
Read more about SETsquared here