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This funding round was led by Eclipse, alongside previous investors Inspired Capital, Lowercarbon Capital, and Equal Ventures.<\/p>\nStand, a homeowners insurance provider for properties in high-risk areas, has raised a $35 million in a Series B funding round, which will support the company\u2019s expansion into the Florida market.<\/p>\n
This funding round was led by Eclipse, alongside previous investors Inspired Capital, Lowercarbon Capital, and Equal Ventures.<\/p>\n
Since its launch just over a year ago, Stand has grown rapidly, underwriting $1 billion in insured value in its first market, wildfire-exposed California.<\/p>\n
The firm aims to support Florida, which is one of the largest and most unpredictable catastrophe markets in the US.<\/p>\n
Since 1980, the state has endured 94 distinct billion-dollar disasters, as reported by NOAA, with the most recent seven events alone accumulating over $1 trillion in losses.<\/p>\n
The state-run insurer of last resort, Citizens Property Insurance Corporation, currently holds nearly $300 billion in exposure, highlighting the critical need for sustainable private capacity.<\/p>\n
\u201cInsurance should play a central role in creating resilient communities,\u201d says Dan Preston, co-founder and CEO of Stand. \u201cThe scale of risk in Florida demands a new model: One that links coverage to hardening homes against wind storms. That\u2019s what Stand is building. By expanding into the largest catastrophe market in the country, we\u2019re working hard to make this a reality for the world\u2019s property owners.\u201d<\/p>\n
Stand\u2019s approach to insurance is rooted in resilience, which ties insurance coverage and pricing to home mitigation efforts.<\/p>\n
By providing homeowners with incentives to upgrade their properties against wind, fire, and flood damage, Stand helps them lower their risk and reduce costs over time.<\/p>\n
The company leverages advanced physics-based models, initially developed for wildfire exposure and now extended to accurately assess wind risk.<\/p>\n
This technology provides a precise view of how individual structures can withstand extreme weather events.<\/p>\n
\u201cOver the last 10 years, U.S. weather disasters have caused over $1.4 trillion in losses \u2014 with less than half insured,\u201d said Aidan Madigan-Curtis, Eclipse partner and board director at Stand. \u201cRising costs and shrinking coverage are leaving American families exposed. Eclipse\u2019s $30M investment in Stand reflects our conviction that resilience is the future, giving property owners the tools to safeguard their properties and their futures.\u201d<\/p>\n
With operations now spanning California and Florida, two of the nation\u2019s most catastrophe-prone regions, Stand is leveraging its veteran leadership team across insurance, technology, and applied science to scale its mission and deliver essential coverage where traditional insurers have retreated.<\/p>\n
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