As cyberattacks surge across Europe, SMEs remain exposed, lacking the technical resources and internal expertise to defend themselves effectively. Stoïk, a French-founded insurtech leader, has built a 360° cyber risk protection model specifically designed for European SMEs.
Its AI platform combines cyber insurance, real-time risk prevention, detection, and in-house incident response, serving as the outsourced Chief Information Security Officer (CISO) for thousands of companies.
Today, this Paris-based startup has raised €20 million in a Series C round co-led by the family-owned investment firm Impala and long-time backer Opera Tech Ventures, with participation from existing investors Alven and Andreessen Horowitz.
Providing European SME with the same level of protection that large corporations have
Founded in 2021 by Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin, Stoïk was born to close the gap by merging cyber insurance, active prevention, and incident response into one cohesive offering.
Veyrat tells TFN, “Stoïk was founded in 2021 to address a clear and structural market gap: cyber risk had become systemic for small and mid-sized companies, while existing solutions were either fragmented, overly technical, or designed for large enterprises only. We identified a strong mismatch between know-how, tooling and decision-making capacity on one side, and the intensity of the cyber threat on the other. Stoïk was created to offer companies a single, integrated response to cyber risk, combining insurance, prevention, and incident response.”
Stoïk’s solution combines three key components. First, an AI prevention system that monitors digital vulnerabilities in real time. Second, insurance coverage tailored to business size and sector. And third, a dedicated incident-response team ready to step in when attacks occur.
Veyrat elaborates, “Stoïk’s product is built around a proprietary, AI-powered 360° cyber risk model that combines three components traditionally treated separately: cyber insurance, active prevention and detection, and in-house incident response. The company is now entering a new phase focused on developing its own AI agents to process large volumes of client data more efficiently, optimise decision-making, and accelerate incident response.
He adds, “This tight integration between technology, insurance, and operational response enables Stoïk to support companies before, during, and after an attack, rather than limiting intervention to post-incident coverage.”
Unlike Coalition, At-Bay, or Cowbell, Stoïk operates in Europe and integrates all services under one roof. This full-stack model has quickly gained traction: the company now protects over 10,000 businesses, works with 2,000 brokerage partners, and adds roughly 600 new clients per month.
In 2025, Stoïk reported 200% year-over-year revenue growth and around €50 million in gross written premiums.
What about diversity?
Veyrat shares, “Stoïk currently employs more than 130 people across six European countries, with plans to grow to around 200 employees over the next 12 months.”
What’s next?
The funding will help Stoïk deepen its presence in Central and Southern Europe, with a focus on markets like Italy, Austria, and Portugal.
The company plans to grow its headcount from 130 to about 200 employees in 2026 and invest heavily in advanced AI capabilities to boost detection, prediction, and post-incident recovery.
Veyrat concludes, “Stoïk’s strategy is firmly long-term. France and Germany are operating profitably in 2026. Key priorities include doubling the technology team, investing further in proprietary AI capabilities, and expanding into new regions such as the Netherlands, Southern Europe, and the Nordics.”
