SAN FRANCISCO: RockRose Risk, the insurance brokerage giving property owners discounts for wildfire mitigation, today announced it has raised a $12.5 million Series A co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate, one of the world's largest investment managers with more than $136B in commercial real estate holdings.

With the investment, the company is also evolving into a vertically integrated risk manager, combining autonomous property analysis, mitigation services, and insurance into a single platform that helps property owners reduce both wildfire risk and insurance costs. As part of that strategy, RockRose Risk plans to acquire complementary businesses, including tree trimming and roofing companies, so property owners can work with a single partner to assess wildfire risk, complete mitigation work, and secure insurance. By bringing those services together, the company is developing a first-of-its-kind model for insurance, while lowering the overall cost of protecting property.

"We've proven our model works," said Andrew Engler, co-founder and CEO of RockRose Risk. "By combining on-the-ground property assessments, mitigation expertise, and proprietary technology, we’ve driven fundamentally better insurance outcomes. Our next step is to get insurance to operate within holistic systems, just as nature does. Wildfires don’t obey the rules of financial modeling or zip codes alone. We’re making insurance adapt to the rules of a new game: that of a rapidly changing planet.”

RockRose Risk currently serves commercial property owners and homeowners across wildfire-prone regions, including HOAs, hotel groups, wineries, farms, strip malls, municipalities, and commercial real estate portfolios throughout California, Colorado, and Nevada. The timing of the raise reflects an accelerating crisis experienced by each of these groups in the United States: According to data from the National Interagency Fire Center, 2026's wildfire season has already surpassed the acreage burned in all of 2025, with several months of peak fire activity still ahead. Adding to this crisis, property insurance non-renewals have increased across much of the Western region, including all three of RockRose Risk’s core markets.

“Wildfire has fundamentally fractured insurance markets, creating a widespread availability and pricing crisis,” said Eliza Cushman, Partner at Congruent Ventures. “RockRose has built the AI-native brokerage that ties insurance outcomes directly to property mitigation, so that properties can get more resilient and more insurable. We’re thrilled to co-lead the Series A and support the company’s rapid growth.”

By transforming into one of the first-ever vertically integrated insurance brokerages dedicated exclusively to pricing mitigation efforts into wildfire insurance, RockRose is responding to the acute challenges facing wildfire insurance coverage, particularly in California. The California FAIR Plan, the state's insurer of last resort, continues to face mounting pressure as major carriers reduce their exposure in wildfire-prone regions, leaving homeowners and commercial property owners with fewer private market options. RockRose Risk's mitigation-first model is designed to help move properties back into the admitted market by pairing verified mitigation work with detailed property-level risk assessments.

“We chose to invest in RockRose Risk because of the opportunity to help accelerate an exciting new model for insurance that we believe could become the future of the industry,” David Silverman, Partner at Crosslink Capital. “Andrew and his team have proven that mitigation-first underwriting can lower costs at scale, building carrier relationships, proprietary technology, and a mitigation partner network that’s making insurance more accessible in catastrophe-exposed regions. This is what the next generation of insurance looks like, and we’re proud to back it.”

The funding follows the company's recent expansion into California homeowners insurance, marking RockRose Risk's first entry into the residential market after building a proven commercial business across California, Colorado, and Nevada, as well as the introduction of Rosebud™, the company's autonomous property assessment rover.

Together, these milestones position RockRose Risk to expand beyond the traditional insurance brokerage model and build a vertically integrated platform for managing wildfire risk.

About RockRose Risk

RockRose Risk is a technology-enabled insurance brokerage that rewards property owners for making their properties safer. Founded by Andrew Engler, a 20-year veteran of catastrophe risk and insurance, RockRose Risk combines wildfire risk assessment, mitigation partnerships and proprietary automation technology to secure meaningful premium reductions for clients in catastrophe-exposed markets.

Fonte: Business Wire