What is Stoïk?
Stoïk operates at the intersection of cybersecurity and insurance, a burgeoning field known as cyber-insurtech. Headquartered in France, the company was founded with the explicit goal of addressing the critical need for robust cybersecurity solutions among small and medium-sized enterprises (SMEs), a segment often underserved by traditional security providers. By offering a dual approach—an insurance product for financial recourse and a service for proactive attack surface monitoring—Stoïk aims to provide comprehensive protection against the escalating risks of cyber incidents. The company's establishment in 2020 places it within a dynamic period of digital transformation and increasing cyber threats.
How much funding has Stoïk raised?
Stoïk has raised a total of $26.6M across 3 funding rounds:
Angel/Seed
$4.3M
Series A
$11.6M
Other Financing Round
$10.7M
Angel/Seed (2022): $4.4M with participation from Emmanuel Schalit, Henry Kravis, Anthemis, Kima Ventures, Raphaël Vullierme, and Alven
Series A (2022): $11.6M led by Andreessen Horowitz, Anthemis, and Alven
Other Financing Round (2023): $10.7M supported by Andreessen Horowitz, Opera Tech Ventures, and Munich Re
Key Investors in Stoïk
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a prominent American venture capital firm known for investing in both early-stage startups and established growth companies, headquartered in Menlo Park, California.
Opera Tech Ventures
Opera Tech Ventures is an investment firm that supports entrepreneurs transforming the financial industry through innovative technologies in fintech, insurtech, and beyond, focusing on early-stage to scale businesses.
Munich Re
Munich Re is a global leader in reinsurance, primary insurance, and risk solutions, offering innovative, tailor-made financial protection to businesses worldwide.
What's next for Stoïk?
The recent major strategic investment of $10.7M signals a pivotal growth phase for Stoïk. This substantial backing, part of its $26.6M total capital raised, is expected to fuel further expansion of its service offerings, enhance its technological capabilities, and broaden its market reach across Europe and potentially beyond. The company's focus on the SME sector, coupled with its innovative insurtech model, positions it to capitalize on the increasing demand for accessible and effective cybersecurity solutions. Future developments will likely involve scaling its operations, refining its insurance and monitoring products, and forging strategic partnerships to solidify its market leadership in the cyber-insurtech landscape.
See full Stoïk company page
