European cyber insurance startup Stoïk secures $27M

TechCrunch reports that Stoïk, a European cyber insurance MGA focused on SMBs, raised a €25M Series B (led by Alven with participation from Andreessen Horowitz, Munich Re Ventures, Opera Tech Ventures, Anthemis, and Tokio Marine HCC) to expand its offering across Europe; the company covers firms with ≤€750M turnover with limits up to €7.5M, operates in France, Germany, and Austria, distributes via 1,000 brokers, and pairs insurance with risk monitoring (DNS, credential leak checks, cloud/AD recommendations) and incident response, targeting 5,000 policyholders and entry into additional countries in 2024/25.