FTPA advised Stoïk, Europe’s leading cyber risk insurtech, in its €25 million Series B financing round. This financing will help Stoïk accelerate its roll-out across Europe, while strengthening its technological capabilities and its offer to protect VSEs and SMEs against large-scale cyber-attacks.
Founded in 2021, Stoïk has quickly established itself as a pioneer in cybersecurity thanks to an approach combining insurance and proactive protection against cyberattacks. Its services for small and medium-sized businesses incorporate advanced technological solutions, coupled with insurance coverage tailored to new digital risks.
This fund-raising was supported by its historic investor Alven, along with current shareholders a16z (ex-Andreessen Horowitz), Munich Re Ventures, Opera Tech Ventures (BNP Paribas) and Anthemis Group. The company also sees the arrival of two new investors: Francophone fund Cyber Integrity Capital (Cybica) and Tokio Marine insurer HCC International.
With this transaction, Stoïk intends to expand and consolidate its presence in Europe. A year ago, the company entered the German market, then gradually established itself in Austria and Monaco. Its objective is to continue its international expansion, with projects in Spain, Italy, Portugal, Benelux and the European Nordic countries.
FTPA supported Stoïk with a team comprising Corporate partner Charles-Philippe Letellier, as well as Julien Garanger, Aude Verdier and Ella Berditchewsky. Partners Laure Calice and Sophie Jouniaux respectively advised on employment law and tax issues.
