Paris-based Stoïk, a European InsurTech specialising in cyber risk protection for businesses, has completed a €20m Series C funding round, aiming to strengthen its position in the European cyber risk market.
The round was co-led by new investor Impala and existing investor Opera Tech Ventures. Current investors Alven and Andreessen Horowitz also participated, backing the company’s expansion plans, according to Tech.EU.
Founded in 2021 by Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin, Stoïk provides cyber insurance for companies with revenues of up to €1bn. The company combines insurance coverage with active prevention and response capabilities, creating an integrated model designed to manage cyber threats end-to-end.
Stoïk helps small and medium-sized enterprises before, during, and after cyber incidents, aiming to maintain business operations, limit financial losses, and ensure rapid recovery. Its approach leverages an AI-enabled 360-degree framework that blends insurance, risk detection and prevention, and in-house incident response teams, increasingly supported by proprietary AI agents.
The funding will be used to expand Stoïk’s offerings across Central and Southern Europe, further develop its AI-driven cybersecurity capabilities, and scale its integrated cyber risk model.
Nearly five years after its launch, Stoïk now works with more than 2,000 broker partners, protects over 10,000 businesses, and employs over 130 specialists across six European countries, including France, Germany, Spain, Belgium, Austria, and Luxembourg, reflecting its rapid growth across the European market.
Stoïk CEO and co-founder Jules Veyrat said, “The round was sized to support the next phase of growth without exceeding operational needs. The new capital will be used to further scale the company’s existing model and invest in proprietary AI agents that underpin our prevention, detection, and incident response capabilities.”
The company’s previous investment history includes backing from Opera Tech Ventures, Alven, and Andreessen Horowitz.
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