Stoïk raises €20M to strengthen its position in the European cyber risk market
Paris-based cybersecurity insurtech Stoïk has secured €20 million in a Series C funding round, signaling growing investor confidence in the European cyber risk market. The funding, co-led by Impala and Opera Tech Ventures, with participation from existing investors Alven and Andreessen Horowitz, will fuel Stoïk's expansion and technological advancements in the face of escalating cyber threats. This investment highlights the increasing importance of robust cybersecurity measures for European businesses, particularly small and medium-sized enterprises (SMEs). Stoïk, founded in 2021 by Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin, specializes in cyber risk coverage for companies with up to €1 billion in revenue. The company’s integrated model combines insurance with active prevention and response capabilities, leveraging AI-enabled tools to support clients before, during, and after cyber incidents. Stoïk currently operates across several European markets, including France, Germany, Spain, Belgium, Austria, and Luxembourg, serving over 10,000 businesses. This investment will enable Stoïk to scale its existing model, expand its presence in Central and Southern Europe, and invest in proprietary AI agents. The company's focus on proactive risk management and incident response, supported by its AI-driven approach, positions it to address the evolving cybersecurity landscape. The funding round also reflects a broader trend of growing investment in European cybersecurity solutions, supporting the continent’s digital sovereignty agenda.
Curated and translated by Europe Digital for our multilingual European audience.
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