Cyber Insurance Startup Stoïk Raises $10.7 Million in New Funding Round with a16z Participation
French startup Stoïk, which provides cyber insurance products for small and medium-sized companies, has announced plans to expand into Germany as its second market, led by Franziska Geier. The company has raised an additional $10.7 million to support market expansion, with Munich Re Ventures leading the round and Opera Tech Ventures participating.
French startup Stoïk, which provides cyber insurance products for small and medium-sized companies, has announced plans to expand into Germany as its second market, with Franziska Geier leading the team there. The company has also raised an additional $10.7 million to support market expansion, with Munich Re Ventures, the venture capital arm of Munich Re, leading the funding round and Opera Tech Ventures participating. Existing investors Andreessen Horowitz (a16z) and Alven also contributed additional funding to the company.