Paris-based Seyna, a company providing brokers with insurance products and technology specifically designed for their business, has secured €10M in a latest funding round, led by 115K, the investment fund of La Banque Postale.
The company manages €150M in assets under management (AUM) and typically invests initial amounts ranging from €0.5M to €5M.
Its investment focus includes seed, Series A, and Series B funding rounds, primarily targeting the financial services sector.
This includes areas such as FinTech, InsurTech, cybersecurity, artificial intelligence, and data-related technologies.
“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, makes them a rare asset in the insurance space,” says Armelle de Tinguy, General Partner at 115K
Other existing shareholders, including White Star Capital and Elaia, also participated. This new round brings the French company’s total funding to €57M.
Fund utilisation
The new funding will be deployed across three focus areas:
Staying broker-focused – Seyna will continue its Horizon 2027 strategy by consolidating verticals, supporting brokers’ international expansion (already present in Germany, Spain, and Poland), and investing in resilience and margin improvement.
Accelerating tech and AI investment – Seyna aims to operate more efficiently than competitors through technology. Recent AI advancements have improved data processing, pricing, legal work, and portfolio monitoring. New funding will help accelerate these technology efforts.
Absorbing demand without compromising solvency – Growing premiums typically require more solvency capital. Instead of turning down broker requests or delaying product launches, Seyna will use new funding to meet demand while maintaining solvency.
“We are building a real insurer, just like our peers, under the same constraints. However, by embedding technology and generative AI, we’re able to automate operations such as portfolio monitoring that others still handle manually,” says Jean Nicolini, CFO & CRO.
Achieved €91M in Gross Written Premiums
Since 2024, Seyna has seen a steady increase in growth activity, reaching over €91M in Gross Written Premiums.
The company claims to have experienced high demand from its broker and MGA clients and anticipates exceeding €125M in premiums by 2025.
“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,” explains Stephen Leguillon, CEO of Seyna.
Seyna: Delivering efficiency to brokers
Founded in 2019, Seyna is an insurance provider focused on delivering efficiency to brokers through technology and responsive support.
The company assists brokers throughout various stages of business development, including the creation of customised insurance products, the provision of sales and management tools, and the analysis and improvement of these products while ensuring compliance.
Since receiving ACPR approval in 2019, Seyna has partnered with over 100 brokers, such as Verspieren, WTW, Meetch, Verlingue, and Dalma, servicing nearly two million policyholders in five countries.
Seyna has also secured €47M in funding from GFC, WhiteStar Capital, and Elaia to further its objectives in modernising the design and management of insurance programs.
“This round is not a short-term sprint: it consolidates our efforts. It allows us to support growth and tech investment without compromising the company’s structural balance. Our ambition remains unchanged: to build an infrastructure that enables us to onboard more and more portfolios while remaining brokers’ first choice and delivering top-tier profitability,” concludes Stephen Leguillon.
