Stand Secures $70M in Series C Funding Led by Saga Ventures

Stand, a San Francisco, CA-based provider of a property insurance and home resilience platform, has secured $70 million in a Series C funding round at a $1 billion valuation.

The round was led by Saga Ventures with participation from Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures.

The company plans to use the funding to expand its operations and development efforts.

What is Stand?

Stand helps homeowners make their properties more resilient to natural disasters and provides insurance based on the home's risk.

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Its technology creates a digital model of each property to simulate how it may perform during wildfires, wind events, and other disasters. The platform identifies vulnerabilities and recommends cost-effective improvements to reduce risk.

Stand also helps homeowners complete these improvements by guiding them through the process, connecting them with service partners, and verifying the work.

Once a home becomes more resilient, Stand offers insurance discounts of up to 70%, based on the reduced risk. The company aims to help homeowners access more affordable and stable coverage.

How Much Funding Has Stand Raised?

Stand has raised $70 million in its latest Series C funding round at a $1 billion valuation.

The source does not provide details about previous funding rounds or the company's total funding raised to date.

Who Invested in Stand’s Series C Round?

The $70 million Series C round was led by Saga Ventures.

Other participating investors include:

• Lowercarbon
• Eclipse
• Equal Ventures
• Inspired Capital
• Neotribe
• Jackson Square Ventures

Why the Funding Matters

Stand plans to use the funding to expand its operations and development efforts.

The investment will support the companys work to improve home resilience and expand its property insurance platform as homeowners face rising costs and challenges in securing coverage in disaster-prone regions.

Who founded Stand?

Stand was founded in 2023 by Dan Preston and Jason Mueller. The company is based in San Francisco, California.

It works with homeowners in regions exposed to natural disasters to identify property risks, strengthen homes and provide insurance coverage.

"The companies that reshape a market for decades are the ones that identify a fundamentally better way to understand risk, and Stand has done that for the homes exposed to natural disasters," said Saad. "With the science already in place, the opportunity now is to build an insurance operation that matches it and scales it to every market that needs it.

"What drew me to Stand is the depth of the team, with real experts in physics, underwriting, and product working on the same problem," said Landi. "My job is to make sure that as Stand grows, the capital is there to support it, from our investors and our reinsurance partners alike.

Market and Business Growth

Stand now insures more than $10 billion in property, up from $1 billion a year earlier.

The company underwrites and services policies issued by Concert Specialty Insurance Company in California and Stand Insurance Exchange in Florida. Its insurance operations are supported by reinsurance partners, including Arch, RenaissanceRe, Hannover, Nephila, and Hiscox.

Stand's platform combines property risk simulation, home improvements, and insurance to help reduce disaster exposure and improve coverage stability.

What Happens Next?

Stand plans to expand its operations and continue developing its home resilience and insurance platform.

The company aims to insure more resilient properties by helping homeowners strengthen their homes and access more affordable, stable insurance coverage.

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