[Raised $27.5 million] Ep.119 - The First 100 with Jules Veyrat, the Co-founder & CEO of Stoik | Insurtech | B2B2C Model

The First 100 | How Founders Acquired their First 100 Customers | Product-Market Fit

Jules Veyrat is the co-founder of Stoik, an insurtech that sells cyber services to SMEs. Specifically, Stoik combines security software to mitigate risk levels and an insurance offer that transfers residual risk to a third party. Stoik has now raised $27.5 million since its 2021 inception from notable investors such as Munich Re Ventures, Opera Tech Ventures, Andreessen Horowitz, and Alven.

The company doesn’t sell its insurance product on its website anymore. Instead, it works with third-party insurance brokers. Around 1,500 brokers offer Stoïk products to their clients. The company reports approximately 2,000 policies enacted and says that the 10-million gross written premium landmark is within its sights and expected to be achieved by year's end.
Where to find Jules Veyrat:

• Website: Stoïk | Insurance designed for cyber risk (stoik.io)
• LinkedIn (7) Jules Veyrat | LinkedIn
Where to find Hadi Radwan:

• Newsletter: Principles Friday | Hadi Radwan | Substack
• LinkedIn: Hadi Radwan | LinkedIn

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