Paris-based Seyna announced today a €10 million funding round to enable the insurer to maintain its growth trajectory without compromising its solvency ratio, and to further accelerate its investments in technology and AI.
The round was led by 115K, the fund of La Banque Postale, with the support of its long-standing shareholders White Star Capital and Elaia bringing its total funding to €57 million.
“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.
Since 2019, Seyna says they have been growing on one principle: rebuilding all the operations of a primary insurer from scratch, powered 100% by technology. In 2024, Seyna exceeded €91 million in Gross Written Premiums. Today, it announces a surge in demand for its products, expecting to surpass €125 million in premiums in 2025.
“Seyna is moving in the right direction. We know we can count on them for our upcoming launches and market expansion. Their ability to turn our data into actionable decisions is a true differentiator,” adds Benoît Dominique, President at Phenomen.
Seyna’s model, an insurer 100% broker-dedicated, tech-powered, and focused on a limited number of verticals has found its market. The company will continue pursuing its Horizon 2027 strategy: consolidating its verticals, investing in technology for resilience and margin improvement, and ensuring sustainable growth. Already operating internationally in three countries (Germany, Spain and Poland), the insurer will also continue to support its broker clients as they expand across Europe.
“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.
Seyna says its differentiation lies in its ability to operate more efficiently than competing insurers through technology. Seyna’s recent advances in AI, such as processing bordereaux data, improving pricing benchmarks, speeding up legal work, and automating portfolio monitoring go to prove the impact of these investments. This new funding will accelerate them.
“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,” says Armelle de Tinguy, General Partner at 115K
In an insurance carrier model, premium growth automatically requires more solvency capital. Instead of turning down capacity requests from brokers or slowing down insurance product launches, Seyna has chosen to anticipate demand and reinforce its ability to scale safely with this new funding round.
“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 Leguillon.
Read the orginal article: https://www.eu-startups.com/2025/09/french-insurtech-startup-seyna-raises-e10-million-as-it-expects-to-surpass-e125-million-in-premiums-in-2025/
