What is Stoïk?
Founded in 2020 and headquartered in France, Stoïk operates at the intersection of insurance and cybersecurity. The company distinguishes itself by offering a dual-value proposition: comprehensive insurance coverage tailored for SMEs and an active service layer that continuously monitors and mitigates vulnerabilities across a client's digital attack surface. This proactive approach to risk management addresses the growing gap in the insurance market, where traditional policies often fail to account for the dynamic nature of modern cyber threats. By combining financial protection with technical oversight, Stoïk provides a holistic defense mechanism that empowers businesses to operate with greater confidence in the digital economy.
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 Kima Ventures, Raphaël Vullierme, Emmanuel Schalit, Henry Kravis, Alven, and Anthemis
Series A (2022): $11.6M led by Alven, Anthemis, and Andreessen Horowitz
Other Financing Round (2023): $10.7M supported by Opera Tech Ventures, Andreessen Horowitz, and Munich Re
Key Investors in Stoïk
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.
Andreessen Horowitz
Founded in 2009, Andreessen Horowitz is a private American venture capital firm that invests in both early-stage start-ups and established growth companies.
Munich Re
Munich Re is a global leader in reinsurance, primary insurance, and risk solutions, known for its expertise in risk assessment and digital transformation.
What's next for Stoïk?
Looking ahead, the strategic deployment of this recent funding will likely focus on expanding Stoïk's market footprint across Europe and deepening its technical capabilities. As the firm transitions from its early-stage development into a more mature enterprise-level entity, the focus will shift toward scaling its distribution channels and refining its risk assessment algorithms. The backing from high-profile institutional investors suggests a strong confidence in the company's ability to redefine the insurtech sector. Future initiatives will likely involve enhancing the automation of its monitoring services and potentially diversifying its product offerings to address emerging risks in the cloud and supply chain sectors, further cementing its role as a leader in the European cyber-insurance ecosystem.
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