Seyna raises €10 million

Seyna, a Paris-based insurer, announced a €10 million funding round led by 115K, with participation from White Star Capital and Elaia, bringing funding to date to €57 million.

Founded in 2019, the company, which distributes products through brokers and MGAs, is the first independent insurer to have been approved by the ACPR for P&C insurance in France since 1983.

Last year, Seyna exceeded €91 million in gross written premiums and it expects to surpass €125 million in premiums in 2025. The company offers a variety of coverages such as pet insurance, rent guarantee, and mechanical breakdown for cars.

“This acceleration confirms that the market believes in Seyna’s value proposition. Our technology investments allow us to launch better, tailor-made products for each broker or MGA, without compromising on risk management, even with a diverse product portfolio. The strength of our system, reinforced by this funding round, gives us confidence in scaling growth in a controlled manner.” – Stephen Leguillon, CEO of Seyna.

“At 115K, we are convinced that Seyna brings a unique value to the insurance sector: their perfect knowledge of the brokerage model supported by a technology-driven approach that is unique on the market, as well as their ability to iterate swiftly within a rigorous regulatory framework make them a rare asset in the insurance space. For the past three years we have witnessed the team’s excellent execution capabilities and steady progress, therefore we are thrilled to provide them with the combined insurance expertise of both 115K and La Banque Postale to support their growth ambitions.” – Armelle de Tinguy, General Partner at 115K.