Renew Risk Secures £5M to Advance Renewable Energy Risk Modelling

London-based risk modelling firm Renew Risk has raised £5 million in a funding round led by Molten Ventures, with participation from Lloyd’s, Insurtech Gateway, and prominent angel investors. The investment highlights growing confidence in the company’s ability to provide critical insights into climate-related risks affecting renewable energy assets.

Founded by Dr Joshua Macabuag (Chief Product Officer), Prof Subhamoy (Suby) Bhattacharya (Chief Scientist), Gaurav Chawla (Executive Chair) & Ashima Gupta, Renew Risk specialises in advanced analytics for insurers, banks, developers, and asset managers, helping quantify risks from natural disasters such as hurricanes and earthquakes. By improving data-driven decision-making, the company aims to enhance financial resilience in the renewable energy sector.

The fresh funding will support the expansion of Renew Risk’s proprietary risk models, the hiring of additional climate and risk experts, and the company’s global market reach. Already a trusted partner within the insurance industry, Renew Risk is now poised to scale its impact further.

Commenting on the investment, Ashima Gupta, CEO and Co-Founder of Renew Risk, emphasized the importance of sophisticated risk modelling in driving confidence in renewable energy projects. Molten Ventures’ Head of Climate, George Chalmers, noted that the lack of robust risk quantification has hindered the sector’s growth, while Lloyd’s Head of Private Assets, Warren Clegg, highlighted Renew Risk’s alignment with sustainability goals.

With the increasing deployment of renewable assets, the demand for accurate risk assessment tools is set to rise. This funding positions Renew Risk at the forefront of bridging the gap between renewable energy and financial markets.

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Legaltech Luminance Raises $75M Series C

London-based legaltech company Luminance has secured $75 million in Series C funding, led by Point72 Private Investments, bringing its total fundraising over the past year to more than $115M and $165M overall. Other investors in this round include Forestay Capital, RPS Ventures, and Schroders Capital, alongside existing backers such as March Capital, National Grid Partners, and Slaughter and May.

Founded by Adam Guthrie (Cheif Technical Architect) & Graham Sills (Director of AI), Luminance leverages AI-driven legal technology to streamline how businesses handle legal documents, using a proprietary Legal Large Language Model (LLM) trained on over 150 million verified legal documents. The platform assists in contract management by extracting and organising key legal concepts, including terms, clauses, and governing laws. It also features a chatbot capable of answering legal queries, summarizing contracts, and redrafting clauses.

CEO Eleanor Lightbody highlighted that the funding will drive global expansion, particularly in the US, APAC, and Europe, where 40% of the company's revenue is already generated. Sally Wokes, a partner at Slaughter and May, noted the rapid growth of the legal AI market and expressed confidence in Luminance's role in shaping its future.

Founded in 2015, Luminance has seen consistent investor backing, with its last major round being a $40M Series B led by March Capital. The latest funding underscores the growing demand for AI-powered solutions in legaltech.

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Revving Secures £107M to Boost UK Adtech Cash Flow

UK-based fintech Revving has raised £107 million in a combination of equity and debt funding, aiming to address cash flow challenges in the adtech and digital business sectors. Founded in 2020 by Chris Pettit (CEO) and David Mandeno (COO), Revving’s platform enables businesses to access revenue faster through invoice factoring, helping them bridge the gap caused by long payment terms.

With the UK adtech sector contributing an estimated £129 billion to the economy, many businesses face delays of over four months to receive payments. Revving’s platform integrates with digital platforms and marketplaces to capture sales data, providing users with instant access to revenue even before invoices are created. The company says this approach enhances cash flow transparency and control.

The newly secured debt funding will be invested directly into the UK adtech sector and digital economy, with Revving aiming to fund up to £1.8 billion for UK digital businesses over the next three years. Citing research from the Interactive Advertising Bureau (IAB), the company suggests its efforts could contribute £8.6 billion in economic growth by alleviating cash flow bottlenecks.

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N Brown Group Appoints Natalie Rogers as Chief People & Sustainability Officer

N Brown Group has announced the appointment of Natalie Rogers as its new Chief People & Sustainability Officer, reinforcing its commitment to a strong people-first culture and ESG (Environmental, Social, and Governance) initiatives.

Rogers brings a wealth of experience in senior HR leadership, having worked across various industries, including e-commerce, financial services, and insurance. Most recently, she served as Interim Chief People Officer at Moonpig, where she played a key role in defining a new target operating model (TOM) as part of the company's three-year growth strategy. This included integrating acquisitions such as Red Letter Days and Buyagift into Moonpig’s business structure.

Prior to that, she held the role of Chief People Officer at Unum UK, where she partnered with the executive team to shape the company’s People & Communications strategy. During her tenure, she also developed an ESG framework that linked wellbeing, inclusion, diversity, and sustainability into a cohesive employee value proposition.

Rogers has also led large-scale HR transformation projects, including an HR Change & Transformation role at Canada Life UK, where she worked directly with the CEO and executive team to design a new operating model across four legal entities. Additionally, as HR Director at LV=, she was responsible for the people strategy during a major £1 billion transaction with Allianz, which saw approximately 3,500 employees transferred into a new joint venture.

With her extensive expertise in people leadership, organisational transformation, and sustainability, Rogers is set to play a pivotal role in shaping N Brown Group’s future workforce strategy and sustainability agenda.

River Capital Invests £1.75M in Smart Building Innovator TBT Group

River Capital has completed a £1.75 million investment in Tyrrell Building Technologies Group Limited (TBT Group), a leading provider of smart building and Internet of Things (IoT) solutions. The Leigh-headquartered company, with offices in London and Dubai, delivers end-to-end smart building technology to clients across multiple sectors, including Rolls Royce and Lumen, through its divisions Tyrrell Products, Tyrrell Systems, and Tyrrell Analytics.

The investment, made via the North West Private Equity Fund, will drive TBT Group’s expansion and further development of Halo Smart IoT, a wireless energy-saving and compliance reporting platform, as well as enhancements to the Tyrrell Analytics smart building monitoring system. The funding will also strengthen TBT Group’s partnerships with Intel and Red Hat, unlocking access to Intel’s global distribution network and advancing next-generation building control systems.

Ged Tyrrell, CEO and founder of TBT Group, highlighted the significance of the investment in accelerating product development and expanding the company’s sales, marketing, and R&D teams. “River Capital’s support is instrumental for the expansion of products and services essential in meeting the growing demands of the Smart Building space,” he said.

Dave Furlong, Investment Director at River Capital, praised Tyrrell’s leadership and TBT Group’s growth potential, stating: “Under Ged’s leadership, TBT has built an exceptional reputation in the smart building sector, and we’re excited to help accelerate their growth journey.”

TBT Group’s solutions help clients achieve cost savings, operational efficiency, and ESG goals through intuitive data-driven monitoring. The company works with Northern UK organizations, including Merseyrail, Gentoo, and various Welsh County Councils, with the investment supporting key hires to scale operations.

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