{"id":19038,"date":"2024-10-21T14:30:36","date_gmt":"2024-10-21T12:30:36","guid":{"rendered":"https:\/\/ftpa.com\/?p=19038"},"modified":"2024-10-21T14:30:37","modified_gmt":"2024-10-21T12:30:37","slug":"ftpa-advised-stoik-in-its-e25-million-series-b-fund-raising-to-strengthen-the-cybersecurity-of-european-businesses","status":"publish","type":"post","link":"https:\/\/ftpa.com\/en\/ftpa-advised-stoik-in-its-e25-million-series-b-fund-raising-to-strengthen-the-cybersecurity-of-european-businesses\/","title":{"rendered":"FTPA advised Sto\u00efk in its \u20ac25 million Series B fund-raising to strengthen the cybersecurity of European businesses"},"content":{"rendered":"\n<p>FTPA advised Sto\u00efk, Europe&#8217;s leading cyber risk insurtech, in its \u20ac25 million Series B financing round. This financing will help Sto\u00efk accelerate its roll-out across Europe, while strengthening its technological capabilities and its offer to protect VSEs and SMEs against large-scale cyber-attacks.<\/p>\n\n\n\n<p>Founded in 2021, Sto\u00efk 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>With this transaction, Sto\u00efk 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.<\/p>\n\n\n\n<p>FTPA supported Sto\u00efk with a team comprising Corporate partner <strong>Charles-Philippe Letellier<\/strong>, as well as <strong>Julien Garanger<\/strong>, <strong>Aude Verdier <\/strong>and <strong>Ella Berditchewsky<\/strong>. Partners Laure Calice and Sophie Jouniaux respectively advised on employment law and tax issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FTPA advised Sto\u00efk, Europe&#8217;s leading cyber risk insurtech, in its \u20ac25 million Series B financing round. This financing will help Sto\u00efk 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, Sto\u00efk has quickly established itself as a pioneer in cybersecurity [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[29],"tags":[],"class_list":["post-19038","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FTPA advised Sto\u00efk in its \u20ac25 million Series B fund-raising to strengthen the cybersecurity of European businesses - FTPA<\/title>\n<meta name=\"description\" content=\"FTPA advised Sto\u00efk, Europe&#039;s leading cyber risk insurtech, in its \u20ac25 million Series B financing round. 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