RockRose Risk, an insurance brokerage specialising in wildfire risk and mitigation for property owners, has secured USD $12.5 million in Series A funding as it moves to expand its insurance offering into a broader property risk management platform.
The round was co-led by Crosslink Capital and Congruent Ventures, with participation from Nuveen Real Estate, which has more than USD $136 billion in commercial real estate holdings. RockRose Risk said the new capital will support its plans to combine property assessments, wildfire mitigation and insurance within a single business.
The company is also planning to acquire businesses that provide services such as tree trimming and roofing. RockRose Risk intends to use these acquisitions to bring property assessment, physical mitigation work and insurance together, allowing customers to access the different services through one provider.
According to RockRose Risk, the model is intended to link the physical condition of a property more closely with its insurance position. The company assesses wildfire exposure, identifies mitigation measures and uses the resulting information as part of the insurance process.
“We’ve proven our model works,” commented 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 modelling 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 provides its services to commercial property owners and homeowners in wildfire-prone parts of California, Colorado and Nevada. Its customers include homeowners’ associations, hotels, wineries, farms, retail properties, municipalities and commercial real estate portfolios, according to the company.
The funding comes as insurers and property owners across the western US continue to face pressure from increasing wildfire exposure. RockRose Risk cited National Interagency Fire Center figures showing that the acreage burned by wildfires in 2026 has already exceeded the total recorded for 2025, despite several months of the current fire season still remaining.
RockRose Risk also added that insurance non-renewals have risen across parts of the western US, including California, Colorado and Nevada. The company said these conditions have contributed to reduced insurance availability and higher costs for some property owners.
“Wildfire has fundamentally fractured insurance markets, creating a widespread availability and pricing crisis,” added 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.”
RockRose Risk stated that its strategy is particularly relevant to California, where the state-backed California FAIR Plan has become an increasingly important source of cover as some major insurers have reduced their presence in higher-risk areas.
The company said its mitigation-first approach is intended to give properties a route towards the admitted insurance market by providing insurers with property-level risk information alongside evidence that recommended mitigation measures have been completed.
“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,” said 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 Series A follows RockRose Risk’s expansion into California’s homeowners insurance market. The move marked the company’s first residential offering after establishing its commercial insurance business across California, Colorado and Nevada.
RockRose Risk has also introduced Rosebud™, an autonomous rover designed to assess properties. The company said the technology forms part of its wider effort to collect detailed property-level information and support its mitigation and insurance operations.
With the latest funding, RockRose Risk plans to continue developing its technology, expand its mitigation services and pursue acquisitions that can broaden the range of work it provides directly to property owners. The company said the longer-term objective is to integrate wildfire assessment, mitigation and insurance into a single platform.
