Dattak, a new insurtech in the cyber insurance market for VSEs and SMEs

A new insurtech is entering the cyber insurance market. Dattak, founded in December 2021 by Benoît Grouchko (founder of the data marketing platform Teemo) and Charlotte Couallier, (ex-Leocare and Axa France), announces this Tuesday, June 21, a fundraising of 7 million euros in seed. The startup targets VSEs and SMEs, which it offers through brokers an insurance product combined with software that identifies security breaches. The risk is borne by the insurance company Wakam, which specializes in white label insurance solutions.

simplified subscription process

This funding round is led by Xange, followed by business angels, including Matthieu Bébéar (the nephew of the founder of Axa). It will allow Dattak, which employs about fifteen people, to recruit more than 10 people this year (sales, engineers and underwriters) and continue to develop its product.

The subscription process is completely digital and, according to the startup, involves no technical issues, as Dattak’s technology is only used to assess the cyber risk. Its solution also sends alerts in the event of a discovered vulnerability. Coverage includes crisis management, system recovery, resolution of cyber security issues, and compensation for damages, including business interruption and liability.

micro-enterprises are very poorly covered

The stakes for VSEs and SMEs are significant. According to the latest Amrae survey, in 2021 less than 1% were covered by cyber insurance, a figure lower than in 2020 (which can be explained by the increase in premiums). But still in 2021, 19% of French SMEs were confronted with a cyber attack according to the European Commission.

Dattak is the second French insurtech to enter this niche of cyber insurance linked to a security solution for VSEs-SMEs, after Stoïk, which has also offered its solutions to brokers since April, after launching in direct sales.

Chose for you

Leave a Comment

%d bloggers like this: