Cyber Insurance Investments and M&A

KYND, UK Insurtech, Receives Investment from BGF

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Growth capital provider BGF put in $4.4 million… “The company said it has achieved a 1000% growth on annual recurring revenue since June 2020 and developed partnerships with high-profile insurers and brokers, such as Beazley, Howden, Paragon and Alliant.” Source: UK Cyber Insurtech KYND Receives £3.25 Million Investment from BGF

French Start-Up Stoïk Combines Insurance with Monitoring: Similar to Coalition But With a Twist

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Just raised $4.3m seed round (see investors via link below) “Stoïk works a bit like Coalition in the U.S., except that it doesn’t partner with brokers to distribute its insurance product. The French startup wants to build a direct relationship with its customers.” Source: Stoïk combines cyber insurance products with active security monitoring | TechCrunch

ActZero Security Adds Cyber Coverage From Measured Analytics and Insurance

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ActZero (which raised $40m in March) offers an MDR (managed detection and response) platform that “combines antivirus protection, endpoint detection and response. Measured Analytics and Insurance(‘s)…standalone cyber insurance product, CyberGuard, backed by Lloyd’s syndicates, is targeted at businesses with up to $500 million in revenue, and is available in all 50 states.” The partnership reflects … Read more

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