The month of January was relatively quiet.
Indeed, only three deals were announced, one being an extension of a round announced by the startup in the middle of last year, and another made public this month despite having been formally recorded last year.
Only the cyber InsurTech startup disclosed the amount raised, €20m. Which is a rather non-negligible amount, especially in the current environment.
This deal, like the announced round extension, also reinforces what we are seeing in the market, where leaders are emerging across several InsurTech categories and are managing to raise relatively significant amounts.
At the start of the year, what is missing, in a manner of speaking, are new entrants that could have boosted investment momentum, from the perspective of the number of deals announced.
In short, three deals announced, for €20m invested: that’s what to take away on the numbers side.
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Now, let's take a closer look at the largest deal of the month, more with a view to drawing a few lessons about the startup itself, since we have already largely detailed the trend it illustrates in the introduction of this podcast.
On the top step of the podium is Stoik, which announced the largest fundraising of the month. The French startup announced a new funding round of €20m, led by the Impala family office and OperaTech Ventures, BNP’s corporate VC, already a shareholder after several previous rounds. Note also the presence of another corporate investor around the table, Munich Re Ventures, which had joined earlier.
This round comes 15 months after the previous €25m round in October 2024. It is therefore a somewhat smaller amount than before, but it still places this fundraising among the leading deals. And above all, since its launch, Stoïk has now raised close to €70m.
This new funding round will enable Stoik to continue its expansion in the European market, where it already operates in Spain and Germany in addition to France. It also acquired its Belgian competitor CyberContract last year.
As a reminder, Stoik offers a cyber insurance solution combining protection tools, tools to facilitate sales for brokers, and an insurance policy as such. On the occasion of this round, the startup indicates that it now covers more than 11,000 corporate clients. And as of today, it employs 142 people according to LinkedIn, a figure up 54% year on year.
