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European cyber insurance startup Stoïk raises $10.7 million and expands to Germany

From TechCrunch

By Romain Dillet

September 19, 2023

European cyber insurance startup Stoïk raises $10.7 million and expands to Germany

French startup Stoïk offers a cyber insurance product to small and medium companies — a bit like Coalition in the U.S. And things have been working well in France. So the company just announced that it plans to expand to Germany as its second country with Franziska Geier heading the team there. The company also raised […]

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European cyber insurance startup Stoïk secures $27 million

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Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup recently raised a €25 million Series B round (around $27 million at current exchange rates). In many ways, Stoïk follows in the footsteps of

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French embedded insurance startup Neat secures $55 million

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It’s not every day that you hear about a large funding round for a French startup in the current funding environment. But Neat, a Paris-based insurtech startup, has managed to raise €50 million (around $55 million at current exchange rates). There is some fine print however. In addition to the traditional equity-for-cash financial transaction, a portion of this funding round is a debt facility. It’s around 60% in equity and 40% in debt, according to the company. So it’s more like a €30 million

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Nigeria’s MyCover.ai to scale its open insurance API platform with new funding

Nigeria’s MyCover.ai to scale its open insurance API platform with new funding

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Jul 19, 2023

Orus offers business insurance products to restaurant owners and other small companies

Orus offers business insurance products to restaurant owners and other small companies

French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes just a few months after Amsterdam-based insurtech startup Insify completed its Series A funding round with another €10 million. Orus originally started with an insurance […]

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Databricks hits $188B valuation, extending its run as AI’s favorite second act

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Founders Fund hires former OpenAI exec Ryan Beiermeister (and not because of her ‘Mafia’ skills)

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Similar Posts

European cyber insurance startup Stoïk secures $27 million

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Cyber risk has become an increasingly important issue for small companies around the world. While many companies try to avoid and mitigate cyber risks, they rarely discuss transferring those risks to a third party. That’s why Stoïk is stepping in with a cyber insurance product specifically designed for small and medium-sized businesses. The French startup recently raised a €25 million Series B round (around $27 million at current exchange rates). In many ways, Stoïk follows in the footsteps of

Oct 14, 2024

French embedded insurance startup Neat secures $55 million

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It’s not every day that you hear about a large funding round for a French startup in the current funding environment. But Neat, a Paris-based insurtech startup, has managed to raise €50 million (around $55 million at current exchange rates). There is some fine print however. In addition to the traditional equity-for-cash financial transaction, a portion of this funding round is a debt facility. It’s around 60% in equity and 40% in debt, according to the company. So it’s more like a €30 million

Sep 10, 2024

Nigeria’s MyCover.ai to scale its open insurance API platform with new funding

Nigeria’s MyCover.ai to scale its open insurance API platform with new funding

Africa’s insurance market is expected to grow at a compound annual growth rate (CAGR) of 7% between 2022 and 2028, reaching $120 billion. Though seemingly impressive, the insurance industry in Africa could be worth more if insurance penetration on the continent wasn’t extremely low, less than 3%, according to reports. As a result, traditional insurers […]

Jul 19, 2023

Orus offers business insurance products to restaurant owners and other small companies

Orus offers business insurance products to restaurant owners and other small companies

French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes just a few months after Amsterdam-based insurtech startup Insify completed its Series A funding round with another €10 million. Orus originally started with an insurance […]

Oct 10, 2023