Stand Raises $0 Million in Series C Funding to Focus on Climate Risk Home Insurance

According to IT Juzi, Stand raised $0 million in its Series C round, achieving a valuation of $1 billion. The round was led by Saga Ventures, with participation from Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures.

According to public records, Stand is headquartered in San Francisco and provides property insurance for homes in areas at risk of wildfires and hurricanes. By combining physical simulation with AI, the company creates digital twin models for each home to assess risk and offers premium discounts of up to 70% for properties that have completed disaster-resilience upgrades. Stand operates in California and Florida; this funding round brings its total capital raised to $1 billion.