Stand Insurance, a company focused on reimagining coverage for high-risk properties, has raised $35 million in a Series B funding round to fuel its expansion into Florida. Eclipse led the round with participation from existing investors, Inspired Capital, Lowercarbon Capital, and Equal Ventures. Since launching just over a year ago, Stand has already underwritten $1 billion in insured value in California, primarily for homes exposed to wildfires.
The new funding will allow Stand to enter Florida, one of the largest and most disaster-prone insurance markets in the country. According to data from NOAA, Florida has experienced 94 separate billion-dollar disasters since 1980, with the last seven alone resulting in over $1 trillion in total damages. The state’s insurer of last resort, Citizens Property Insurance Corporation, now holds nearly $300 billion in exposure, highlighting the scale and volatility of the market.
Stand aims to address this growing challenge by linking insurance coverage to mitigation practices that reduce physical risk. Its model encourages homeowners to invest in property upgrades such as reinforcing roofs or installing fire-resistant materials to lower long-term costs while improving resilience against natural disasters. Stand’s underwriting process uses advanced physics-based models to predict how structures perform under extreme conditions, beginning with wildfire risks and now extending to wind exposure.
The company’s mission has gained momentum amid a national crisis in property insurance. Weather-related damage in the United States has averaged $146 billion annually over the past decade, while many insurers have scaled back coverage or withdrawn entirely from disaster-prone states. As a result, hundreds of thousands of homeowners have lost access to affordable insurance options.
Stand’s leadership team brings decades of combined experience across insurance, technology, and applied sciences, supported by top-tier investors and reinsurers.
The company is also recognized for its efficient claims management and customer service. With its presence now expanding from California into Florida, Stand plans to scale its mitigation-first model to additional catastrophe-exposed markets in the future.
KEY QUOTES:
“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, 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, Partner and Board Director, Eclipse
