Stand raises $35 million

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Stand Insurance Solutions

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closed a $35 million Series B round led by Eclipse, with participation from Inspired Capital, Lowercarbon Capital, and Equal Ventures. Last December, the company announced $30 million in funding.

Since its launch just over a year ago, Stand has provided $1 billion worth of coverage in its first market, California.

The new funding will support the company’s expansion into Florida.

“Insurance should play a central role in creating resilient communities. The scale of risk in Florida demands a new model: One that links coverage to hardening homes against wind storms. That’s what Stand is building. By expanding into the largest catastrophe market in the country, we’re working hard to make this a reality for the world’s property owners.” – Dan Preston, co-founder and CEO of Stand.

“Over the last 10 years, U.S. weather disasters have caused over $1.4 trillion in losses — with less than half insured. Rising costs and shrinking coverage are leaving American families exposed. Eclipse’s $30M investment in Stand reflects our conviction that resilience is the future, giving property owners the tools to safeguard their properties and their futures.” – Aidan Madigan-Curtis, Eclipse partner and board director at Stand.

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