Stoïk raises €20M to strengthen its position in the European cyber risk market

Paris-based Stoïk has completed a €20 million Series C funding round co-led by Impala, which joins as a new investor, and Opera Tech Ventures, an existing investor. Current investors Alven and Andreessen Horowitz also participated in the round.

Stoïk is a European insurtech focused on cyber risk coverage for companies with revenues of up to €1 billion. Founded in 2021 by Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin, the company provides an integrated cyber risk protection model that combines insurance with active prevention and response capabilities.

The company supports small and medium-sized enterprises before, during, and after cyber incidents, helping them maintain operations, limit financial losses, and recover effectively. Its approach is based on an AI-enabled 360-degree model that integrates cyber insurance, risk prevention and detection, and in-house incident response teams, increasingly supported by proprietary AI agents.

Stoïk operates across several European markets, including France, Germany, Spain, Belgium, Austria, and Luxembourg. Nearly five years after its launch, the company works with more than 2,000 broker partners, protects over 10,000 businesses, and employs more than 130 specialists across six European countries, reflecting its expanding 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 support continued development of Stoïk’s cybersecurity and insurance offerings, further international expansion with a focus on Central and Southern Europe, and ongoing investment in advanced AI technologies.