Stoïk, a Paris-based cyber insurance provider, raised a €20m (about $23.5m) Series C, announced on 20 January 2026. Impala, a new investor, and Opera Tech Ventures, an existing one, co-led the round. Alven and Andreessen Horowitz, also existing investors, took part, according to Tech.eu, Fintech Global and Beinsure. Journal du Net described Impala as an investment fund run by the father of co-founder and chief executive Jules Veyrat.
Stoïk did not disclose a valuation, revenue or premium volumes. Tech.eu said the company did not state its total funding, and described its recent performance as reflecting a disciplined business model.
“The round was sized to support the next phase of growth without exceeding operational needs.”Jules Veyrat, CEO and co-founder, Stoïk
What Stoïk does
Stoïk covers cyber risk for companies with revenue of up to €1bn, mainly small and medium-sized enterprises. It combines insurance with prevention, detection and in-house incident response, increasingly supported by its own AI agents, according to Tech.eu.
The company was founded in 2021 by Jules Veyrat, who is chief executive, Alexandre Andreini, Nicolas Sayer and Philippe Mangematin. It has more than 130 specialists across six European countries.
Beinsure reported that Stoïk operates as a managing general agent, partnering with underwriters including Tokio Marine HCC International and Munich Re Ventures. Its products include Stoïk Protect for risk prevention and threat monitoring, Stoïk MDR for managed detection and response, and Stoïk-CERT, an in-house emergency response team.
Reach
Stoïk operates in France, Germany, Spain, Belgium, Austria and Luxembourg. It works with more than 2,000 broker partners and protects more than 10,000 businesses, according to Tech.eu and Fintech Global. Premiums were not disclosed in either report.
Journal du Net reported that revenue tripled in 2025 and that the client base grew from 5,500 to 11,000. Veyrat said the company expects the number of insured businesses to roughly double this year and aims to reach 100,000 clients within four years, and to be present in more than a dozen countries in five years. These are management targets and statements.
What the money is for
Stoïk said it will scale its existing model, develop proprietary AI agents for prevention, detection and incident response, and expand across Central and Southern Europe.
Veyrat credited a disciplined business model and careful financial management. He said: "The round was sized to support the next phase of growth without exceeding operational needs."
Journal du Net reported a plan to recruit 70 people within 12 months, with the tech team growing from 40 to 80. Beinsure said headcount of more than 130 is expected to reach about 200 over the next 12 months, mainly in security engineering, incident response and risk analysis. The money will also go toward internal AI agents that prioritise remediation of incoming incident alerts.
The funding so far
Beinsure reported that Stoïk raised an €11m Series A in 2023, led by Andreessen Horowitz with Alven, Anthemis, Henri de Castries, the former chief executive of AXA, and Julian Teicke, chief executive of wefox. The Series B was €25m in October 2024, led by Alven, with Andreessen Horowitz, Munich Re Ventures, Opera Tech Ventures, Anthemis, Cyber Integrity Capital and Tokio Marine HCC International.
Impala is a new name on the investor list, while Opera Tech Ventures, Alven and Andreessen Horowitz had backed the company before. The reports do not give the size of each investor's contribution to the Series C.
Company website: stoik.com