Stoïk raised €3.8 million in a new funding round backed by Alven, Anthemis Group, and Kima Ventures.

Stoïk, a Paris, France-based cyber-insurtech company, announced completing an equity fundraising round closed at €3.8 million ($4.3M).

The money was raised from investors including Alven, Anthemis Group, and Kima Ventures as well as angel investors Raphaël Vullierme (founder of Luko), Emmanuel Schalit (CEO at Dashlane), and Henry Kravis (co-founder at KKR).

Stoïk, founded in 2021 by Alexandre Andreini, Philippe Mangematin, CEO Jules Veyrat and Nicolas Sayer, is building a hybrid business that combines security software used to mitigate risk levels and backed by an insurance product that transfers residual risk to a third-party.

Stoïk was initially pre-seeded in the summer of 2021.