Stand raises $70M Series C for resilient home insurance. Drew Saad and Tony Landi are joining Stand as the company takes on more of the world's exposed homes. One brings underwriting experience from PURE; the other brings reinsurance and capital-markets experience from Nephila. Their appointments put 2 insurance operators beside a scientific ambition: making the improvements to a home count in the cost and availability of its coverage. The San Francisco property-insurance company announced a $70M Series C at a $1B valuation on October 15, 2026. Saga Ventures led the round, joined by Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe and Jackson Square Ventures, among others. Stand says its insured property value now exceeds $10B, compared with $1B a year ago, as it serves homeowners in California and Florida. That combination of funding, exposure growth and senior hiring explains the next stage of Stand's business. Its models identify ways a property could become safer, while an insurance operation must carry those changes through pricing, distribution and the capital supporting the policy. Homeowners are being offered a practical reason to alter a building they already care about. Stand's financing arrives with a larger insurance operation. CEO and co-founder Dan Preston previously ran Metromile, bringing experience with insurance that responds to how an asset is used. CPO and co-founder Jason Mueller previously led product at Policygenius. Fellow co-founders Sam Shank and Bill Clerico previously led HotelTonight and WePay, respectively. Their combined backgrounds place customer distribution, property and financial operations close to the science. The 2 new appointments extend that operating experience. Saad becomes President of Property & Casualty after serving as PURE's CUO. Landi becomes CFO after leading strategic growth at Nephila, with earlier roles in reinsurance and capital management at Openly and portfolio management at Everest Re. At Stand, Landi's remit includes finance, reinsurance, capital markets and growth strategy. The company reports $130M raised in total in its latest announcement. Earlier releases disclosed $30M at its December 2024 launch and a $35M Series B in October 2025; those amounts plus the new round sum to $135M. Stand's current release does not reconcile that difference, so the reported aggregate should be read with that limitation. For this financing, the consequential number is the newly announced $70M. Saga Ventures is backing a business whose expansion requires continued agreement between the people assessing the home and the institutions accepting its risk. A property's next insurance decision can begin with physical work. Stand's World Model builds a digital representation of a property and models how a disaster could interact with its structure and surroundings. The company's technical account describes combining physics simulation with AI to make complex calculations more practical at scale. Construction, nearby vegetation and conditions around a home influence the assessment. The commercial use is specific: identify changes that could reduce a home's vulnerability and connect those changes to an insurance offer. Stand says it guides the homeowner through improvements, connects owners with trusted partners and confirms completed work. That creates a service relationship extending beyond the moment somebody requests a quote. An owner choosing materials or managing vegetation also cares about expense, appearance and the inconvenience of getting the work done. Stand explicitly discusses preserving the character of a home while improving resilience. Insurance can help make that negotiation concrete when it attaches a financial consequence to the recommended work. The company publishes model demonstrations and a small, selected reconstruction of Palisades Fire outcomes. Those materials explain its approach; broad conclusions about catastrophe performance would require a wider evidence base. For homeowners and brokers, the immediate proposition remains property-specific: a plan describing what can change at this address and how Stand recognizes that work. Brokers and risk capital carry the plan beyond the model. Stand currently quotes high-value homes in California and Florida. Its California broker program and Florida broker program give intermediaries a route to bring properties into the business. The broker remains part of the relationship, translating an insurance offer into decisions an owner can understand and act on. Stand's latest release specifies that it underwrites and services policies issued by Concert Specialty Insurance Company in California and Stand Insurance Exchange in Florida. It also identifies reinsurance relationships supporting the business. That structure matters because growth must be carried by insurance capacity as well as by a faster model or a smoother application process. The company-reported increase from $1B to more than $10B in insured property value describes exposure covered, rather than revenue or premiums collected. More property on the book makes the quality and composition of that exposure commercially consequential. Saad's underwriting role and Landi's reinsurance responsibilities sit directly inside that relationship. For mitigation providers, the approach creates another audience for evidence that a physical change is useful. A contractor's completed work has to be visible to the insurer if it is going to influence the offer. Stand's confirmation process places that handoff inside the customer experience, giving owners a route from a recommendation to documented action. Expansion follows the homeowner's ability to make changes. Stand's competitive argument brings several jobs together: understanding a building, recommending improvements, helping deliver them and supporting coverage afterward. Inspired Capital's original investment thesis emphasized that relationship between property-level analysis and risk reduction. The latest financing extends a business already operating in 2 states rather than an insurance concept waiting for its first market. The broader ambition reaches far beyond those states, but current availability remains the useful boundary for a homeowner seeking a quote. A waitlist for another geography is a statement of interest. A covered California or Florida property brings a particular building, owner and set of policy terms into Stand's operating responsibilities. The funding announcement does not disclose an audited loss ratio or a detailed allocation of the new capital. It does show the company adding experienced insurance leadership while reporting a much larger portfolio of property exposure. Those are concrete choices about the organization needed around the technical work. For the homeowner, the next step may be a conversation with a broker, a contractor or Stand's own team about changes the household can make. As the company expands, each completed improvement becomes another piece of evidence for the underwriting and capital partners deciding which homes they can continue to cover.

Stand raises $70 million Series C at $1 billion valuation to make the world's homes resilient against natural disasters. Oct 15, 2026, 09:09 ET Brings total raised to $130M, former PURE Chief Underwriting Officer joins as President of P&C and former Nephila executive joins as CFO. Total insured value grows 10X to $10B. SAN FRANCISCO, Oct. 15, 2026 /PRNewswire/ - Stand today announced it has raised a $70 million Series C 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, among others. Stand now insures more than $10 billion of property, up from $1 billion a year ago. The company is building toward a single mission: to insure all the world's resilient property, by making homes safer and thus insurance cheaper. Disasters are getting bigger and more frequent. A billion-dollar weather disaster now strikes the U.S. every 10 days. For many homeowners, insurance has become expensive, hard to find, and unpredictable. Premiums jump, coverage gets harder to renew, and families are often left scrambling, even when nothing about their home has changed. That's because insurance is still priced by looking backward at past disasters. Stand believes the answer is physics: simulate how a home will actually perform in a disaster, make it resilient, and insure it with confidence for decades. This means safer homes, cheaper insurance and more durable coverage. It starts with simulation. The Stand World Model creates a digital representation of every home and simulates how it will perform under fire, wind, and other disasters. It accounts for the home's construction, its surroundings, and the weather it faces. Instead of waiting decades for history to reveal what works, Stand pulls the future forward. It shows exactly what makes a specific home vulnerable and the most cost-effective ways to protect it. Stand helps make the home resilient. Stand analyzes a specific home and recommends improvements to increase safety while preserving character. Stand also helps owners do the work: it guides each step, connects them with trusted partners, and confirms completed improvements on their behalf. Stand insures it for the long run. Resilient homes are less likely to burn in a wildfire, and Stand shares the savings from this reduction in risk with homeowners in the form of discounts of up to 70%. Just as important, they earn stability. Since the properties are resilient to disasters, owners and their brokers can count on highly competitive, stable prices and coverage over time. "Disasters follow the laws of physics, and insurance should too," said Dan Preston, co-founder and CEO of Stand. "If your home is resilient, you should be rewarded with a low premium and never have to worry about losing your coverage. We want to insure every resilient property in the world, and help make every property safe." Leadership additions Stand also announced the addition of two senior executives to continue to scale growth. Drew Saad joins as President of Property & Casualty. He was most recently Chief Underwriting Officer at PURE Insurance, where he led underwriting for one of the country's leading high-net-worth insurers. "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. That is the work I have spent my career preparing for, and it is why I joined Stand." Tony Landi joins as Chief Financial Officer. He was most recently Head of Strategic Growth at Nephila, one of the world's largest fund managers of catastrophe reinsurance. Before that, he was Head of Reinsurance & Capital Management at Openly and Head of Portfolio Management at Everest Re. At Stand, he will lead finance, reinsurance, capital markets, and growth strategy as the company scales. "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. We'll do that by building diversified, resilient portfolios and matching risk and returns to capital appetite." About Stand Stand protects and insures homes in catastrophe-exposed regions by partnering with homeowners to understand what drives their risk and physically strengthen their properties. Stand underwrites and services policies issued by Concert Specialty Insurance Company (AM Best A-) in California and Stand Insurance Exchange (Demotech A) in Florida, reinsured by AM Best A and A+ reinsurers such as Arch, RenaissanceRe, Hannover, Nephila, and Hiscox. Learn more at standinsurance.com. Media Contact SOURCE Stand Insurance

Stand, a San Francisco home insurer, has raised $70 million in a Series C round at a $1 billion valuation. Saga Ventures led, with Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures among the participants. Stand builds a digital twin of each home and simulates wildfire or hurricane damage, rather than pricing risk by zip code. The simulations show owners which fixes, such as removing a tree, would cut their premium. The company says it now insures more than $10 billion of property, up from $1 billion a year ago. Chief executive officer Dan Preston says growth is about 15% a month, in California and Florida only. Stand plans to expand across the West and Southeast, then into other storm and flood regions.