Paris-Based InsurTech Stoïk Raises €20M Series C To Expand In European Cyber Risk Market

Current investors Alven and Andreessen Horowitz also participated in the round.

Stoïk is a European insurtech specializing in cyber risk coverage for companies with revenues up to €1 billion.

Founded in 2021 by Jules Veyrat, Alexandre Andreini, Nicolas Sayer and Philippe Mangematin, Stoïk offers an integrated cyber protection model that combines insurance with proactive prevention and response solutions.

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Stoïk helps small and medium-sized enterprises before, during, and after cyber incidents, enabling them to maintain operations, limit financial losses, and recover efficiently. Its AI-enabled 360-degree model integrates cyber insurance, risk prevention, detection, and in-house incident response, increasingly supported by proprietary AI agents.

Operating across France, Germany, Spain, Belgium, Austria and Luxembourg, Stoïk works with over 2,000 broker partners, protects more than 10,000 businesses, and employs 130+ specialists across six countries, highlighting its growing presence in the European cyber risk market.

Commenting on the funding, Jules Veyrat, CEO and co-founder of Stoïk, said the company’s recent performance reflects a disciplined business model and careful financial management.

He noted that the round was sized to support the next phase of growth without exceeding operational needs and that the new capital will be used to further scale the company’s existing model and invest in proprietary AI agents that underpin its prevention, detection and incident response capabilities.

The new funding will be used to advance Stoïk’s cybersecurity and insurance solutions, drive international expansion particularly in Central and Southern Europe and continue investment in cutting-edge AI technologies.

About Stoïk

Stoïk safeguards SMEs and mid-sized companies across Europe from cyber risks using an integrated, AI-powered approach that combines insurance coverage, proactive risk prevention and in-house incident response, enabling businesses to minimize losses, maintain operations, and recover quickly from cyber incidents.