Participated · Series B · Oct 2024

Founded in 2021, Stoïk offers an integrated 360-degree cyber-risk platform that combines insurance coverage with continuous risk prevention, detection, and in-house incident-response capabilities. Its proprietary AI agents monitor client infrastructures, help brokers price risk, and guide response teams during attacks. The company targets small and medium-sized enterprises with up to €1 billion in revenue and now operates in France, Germany, Spain, Belgium, Austria, and Luxembourg. Stoïk partners with more than 2,000 brokers and currently protects over 10,000 businesses. The firm employs more than 130 specialists across six European countries. New capital will be channelled into enhancing its AI stack, broadening its cybersecurity and insurance offerings, and driving further expansion in Central and Southern Europe. Management emphasises disciplined financial management and intends to scale without outpacing operational needs.

Participated · Series B · Oct 2024

Stoïk offers cyber insurance tailored to SME risk profiles alongside a prevention platform (Stoïk Protect) and an in-house incident response team (Stoïk-CERT). In April it launched Stoïk MDR, a managed cybersecurity service providing SOC capabilities to SMEs. The company distributes through insurance brokers and has attracted over 1,000 brokers across France, Germany, and Austria; its recently opened Cologne office has generated several million euros in premiums via more than 100 local brokers. Stoïk is on track by the end of 2024 to reach 5,000 policyholders, €25 million in premiums, and strong underwriting profitability. The firm recently increased its capacity to insure companies with turnovers up to €750 million and raised coverage limits to €7.5 million. Going forward, Stoïk plans to scale distribution of Stoïk MDR through partner brokers, expand its European footprint, and introduce adjacent coverages such as Professional Indemnity for specific industry verticals. Stoïk provides cyber insurance products and incident-response support specifically for SMEs, including an incident hotline. The coverage can compensate for loss of revenue (gross operating margin) during an incident and offers third-party liability for data-breach claims. Stoïk performs active monitoring such as DNS checks and scans online databases for password leaks tied to customers' domains, and runs employee cybersecurity awareness programs with phishing simulations and tutorials. The company has moved distribution off its website and sells via third-party insurance brokers. About 1,500 brokers offer Stoïk products and roughly 2,000 companies have signed up. Stoïk plans to expand into Germany as its second market and raised funding to support that expansion. Stoïk offers a combined product that pairs internal and external security and risk monitoring software with an insurance product distributed via cyber insurance broker partners, targeting underserved SMEs. The company was founded by Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin. Stoïk raised a €11 million Series A led by Andreessen Horowitz after a €3.8 million seed round less than six months earlier. The new capital is earmarked to support expansion into additional European markets via localized, regulatory-compliant adaptations. Management said the round will fund hires in commercial insurance profiles to meet partner broker demand and expansion of engineering teams to continue developing the security solutions. The fundraise responds to a surge in cyber threats — including sharp increases in phishing, identity theft, insider threats, information leakage, and ransomware — that motivated the founders to address SME needs. Stoïk offers a combined insurance product and security monitoring service aimed at protecting SMEs from ransomware and other cyberattacks. Customers sign up to a monitoring service that scans domain names, DNS records, IP addresses and public password leaks, produces a security score, and provides remediation tips. If a customer meets a score threshold and generates under €50 million in annual revenue, they can subscribe to Stoïk’s insurance product, which is sold directly to customers and on which Stoïk takes a cut. The company has a team of about 15 and is currently in a pre-launch phase with contracts that range from €50 to €400 per month. Stoïk has signed partnerships with insurance companies to design its insurance products and works with a third party, Inquest, to handle crisis management. Planned product roadmap items include adding internal-account scanning and deeper checks such as AWS configuration scans to surface additional vulnerabilities.

Participated · Series B · Apr 2021

Clir offers a cloud-based AI platform that ingests operational data, cleans and analyzes it with proprietary algorithms, and provides actionable insights to maximize annual energy production and clarify asset performance. Since founding in early 2017, the company has supported over 10 GW of assets worldwide and serves customers that collectively own more than 10% of global installed wind and solar capacity. Clients typically see increases of up to 5% in Annual Energy Production in the first year. The business sells tools to asset owners and managers for optimization across the asset lifecycle, including operations, financing, insurance and repowering. The CAD$27 million Series B will fund further development of ‘smart’ products using industry-wide data to better evaluate technical and financial risk. Clir plans to accelerate growth in its existing European and North American markets and expand into Latin America, Africa and Asia‑Pacific.

Participated · Series B · Mar 2017

Weather Analytics provides weather and predictive risk software designed to improve decision support for insurers across risk selection, pricing, underwriting, actuarial sciences, claims and policyholder services. The company collects weather information which is cleansed by a team of meteorologists and transformed into predictive insights. Its core product delivers decision-support tools and analytics tailored to insurance workflows. Weather Analytics said it will use the new capital to accelerate scientific and technical innovation. At the time of the report it had raised $17M in a Series B and $30M in total funding. The company is led by Chairman & CEO Bill Pardue and President & COO Chris Skarinka and is based in Washington, D.C. Weather Analytics is a weather and climate data startup that ingests and analyzes global environmental measurements. The company processes more than 6 billion weather measurements every day from a worldwide network of over 45,000 sensors, including ground stations, buoys, ships, aircraft and balloons. It relocated from Virginia to Silver Spring, Maryland and now employs 10 full-time staff in an office there. The move was incentivized by a $500,000 investment from the state’s InvestMaryland fund. That $500,000 led a broader $2 million investment round for the company. The article does not disclose additional financial details, revenue figures, or other investors beyond InvestMaryland.