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European cyber insurance startup Stoïk raises $10.7 million and expands to Germany

French cyber insurance startup Stoïk is set to expand to Germany after its success in France. The company also raised $10.7 million, led by Munich Re Ventures, to aid its market expansion. Stoïk offers a cyber insurance product for SMEs, providing compensation for lost revenue in the event of a cyber attack, as well as a cybersecurity awareness program for employees.

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