Stand just raised $35M in Series B funding, and the timing couldn’t be more right. While insurers keep ghosting climate-exposed homeowners, this San Francisco startup decided to show up with math, physics, and a little bit of courage. Led by Eclipse, with Inspired Capital, Lowercarbon Capital, and Equal Ventures doubling down, Stand isn’t just betting on the climate risk market. They’re rebuilding it from the studs up.
Founded in 2023 by a squad that reads like a startup Hall of Fame, Stand blends brains from insurance, fintech, and hospitality. Dan Preston, the CEO who took Metromile public before it was scooped up by Lemonade, knows the risk game inside out. Jason Mueller, the CPO who helped scale Policygenius, brings precision product instincts shaped by 16+ years in consumer tech. Add Sam Shank, the HotelTonight founder who sold to Airbnb, and Bill Clerico, who sold WePay to JPMorgan Chase for $400M and now runs Convective Capital, and you’ve got a founding team that knows how to build, exit, and rebuild again.
Stand’s mission is simple, but its execution is anything but. It insures homes in catastrophe zones, places other insurers avoid like bad news. Using physics-based AI, Stand builds digital twins of properties to simulate how fire, wind, or flood would hit a specific home. No broad zip-code guessing, no backward-looking actuarial models. Each home gets a risk profile as unique as its fingerprint, and homeowners get guidance on how to harden it. Replace that flammable landscaping. Reinforce those windows. Get rewarded with lower premiums. It’s prevention as a product, not paperwork.
Since emerging from stealth in Dec 2024, Stand has already underwritten $1B in insured value in CA. Now it’s expanding into FL, the hurricane capital of the U.S., where Citizens Property Insurance Corp is drowning under nearly $300B in exposure. Stand’s approach isn’t about chasing chaos, it’s about making resilience insurable again. With $65M raised to date, including this fresh $35M led by Eclipse (Aidan Madigan-Curtis joins the board), the company’s eyeing over $2B in coverage across markets where others have tapped out.
