Paris-based insurer Seyna has raised €10mn in fresh funding to reinforce its solvency and accelerate technology investment as demand from brokers and MGAs surges. The new financing will allow the company to maintain its growth trajectory without compromising its solvency ratio and to further accelerate its investments in technology and artificial intelligence.
The round was led by 115K, La Banque Postale’s insurance-focused investment fund, with continued backing from existing investors White Star Capital and Elaia. It brings Seyna’s total funding to €57 mn.
Founded in 2019 with a model built entirely around brokers, Seyna has rebuilt the functions of a primary insurer from the ground up using technology.
That approach has fueled rapid growth: the company reported €91 mn in gross written premiums in 2024 and expects to exceed €125 mn this year.
CEO Stephen Leguillon said the latest round ensures Seyna can keep pace with rising demand without straining its solvency ratio.
This acceleration confirms that the market believes in Seyna’s value proposition. Our investments in technology allow us to design and launch more efficient, tailor-made products for each broker or MGA, without compromising risk management, even with a diversified product portfolio.
Stephen Leguillon, CEO of Seyna
“The strength of our system, reinforced by this funding round, gives us the confidence to scale growth in a controlled manner,” explained Stephen Leguillon.
Seyna’s strategy remains anchored on three pillars.
- First, maintaining its broker-first model, focusing on a narrow set of verticals and expanding with clients across Europe.
- Second, accelerating AI investment to push efficiency further—recent deployments include automating bordereaux processing, pricing benchmarks, portfolio monitoring, and even parts of legal work.
- Third, reinforcing solvency so it can absorb new portfolios and product launches without slowing down.
This latest round marks the entry of 115K, La Banque Postale’s insurance-focused investment fund, as a shareholder, joining historic investors White Star Capital and Elaia.
The funding also marks the arrival of 115K as a shareholder. Armelle de Tinguy, General Partner at 115K, said Seyna’s ability to marry deep brokerage knowledge with rapid tech iteration inside a strict regulatory framework makes it a rare player in the insurance space.
In the carrier model, rapid growth in premiums automatically requires more solvency capital. Rather than turning down capacity requests from brokers or slowing the pace of new product launches, Seyna has chosen to anticipate future demand and strengthen its ability to scale safely through this financing round.
Seyna’s model as an insurer fully dedicated to brokers, powered by technology, and focused on a limited number of verticals has clearly found its market.
The company will continue to pursue its Horizon 2027 strategy: consolidating its core verticals, investing in technology to improve resilience and margins, and ensuring sustainable growth.
“At 115K, we are convinced that Seyna brings unique value to the insurance sector. Their deep understanding of the brokerage model, combined with a technology-driven approach that is unique in the market, and their ability to iterate rapidly within a rigorous regulatory framework, make them a rare and highly valuable player in the insurance space. For the past three years we have observed the team’s excellent execution capabilities and steady progress, and we are therefore thrilled to provide them with the combined insurance expertise of both 115K and La Banque Postale in order to support their ambitious growth plans,” said Armelle de Tinguy, General Partner at 115K.
This round is not a short-term sprint; it consolidates our long-term efforts. It allows us to support growth and technology investments without compromising the company’s structural balance.
Armelle de Tinguy, General Partner at 115K
“Our ambition remains the same: to build infrastructure that allows us to onboard more and more portfolios, while remaining the broker’s first choice and delivering top-tier profitability,” concluded Stephen Leguillon.
Already operating internationally in Germany, Spain, and Poland, Seyna will continue to support its broker clients as they expand across Europe.
Seyna is moving in the right direction. We know we can count on them for our upcoming product launches and market expansion. Their ability to turn our data into actionable decisions is a true differentiator.
Benoît Dominique, President at Phenomen
Leguillon said the investment consolidates Seyna’s long-term vision rather than fueling a short sprint. “Our ambition is unchanged: to build infrastructure that lets us onboard more portfolios, remain brokers’ first choice, and deliver sustainable profitability,” he said.
Seyna’s core differentiation lies in its ability to operate more efficiently than other insurers by embedding technology. The company’s recent advances in AI—including processing bordereaux data, improving pricing benchmarks, expediting legal reviews, and automating portfolio monitoring—demonstrate the impact of these investments. With this funding, Seyna plans to accelerate further technological development.
We are building a real insurer, just like our peers, under the same regulatory and financial constraints. But by embedding technology and generative AI into the core of our operations, we are able to automate processes such as portfolio monitoring that other insurers still manage manually
Jean Nicolini, CFO and CRO of Seyna
Seyna already operates in Germany, Spain, and Poland, and has partnered with more than 100 brokers—including Verspieren, WTW, Verlingue, Meetch, and Dalma—covering nearly two million policyholders.
With €57 mn now raised, it is pushing ahead with its Horizon 2027 strategy to modernize insurance program design and execution at scale.
Seyna is an insurer designed to deliver unmatched efficiency for brokers. Through advanced technology and a highly responsive team, Seyna supports brokers at every stage of their development: from designing tailor-made insurance products, to providing sales and management tools, monitoring and improving product performance, and ensuring regulatory compliance.
Since its creation in 2019, when it obtained its insurer license from the ACPR, Seyna has partnered with over 100 brokers, including Verspieren, WTW, Meetch, Verlingue, and Dalma. Together they help protect nearly two million policyholders across five countries.
