Stand Insurance Raises Series B

Today, Restive portfolio company Stand Insurance announced their $35M Series B fundraise, led by Eclipse with participation from Lowercarbon Capital, Inspired Capital, Equal Ventures and others. A big congrats to Dan Preston and the Stand team!

Stand is tackling one of the most critical and climate-exposed industries in the world: property insurance. Dan’s big vision from Day 1 has been to incorporate modern techniques to better protect property from wildfires and other natural disasters, and we’ve been thrilled to see his success since then.

Why Stand Matters

The insurance market has been struggling to keep up with climate change. Wildfires, hurricanes, and convective storms are breaking traditional models and creating billions in losses, leaving homeowners and businesses either uninsurable or faced with unaffordable premiums. In markets like California, many homeowners simply can’t find coverage.

Stand wants to fix this. Instead of cherry-picking “safe” properties, Stand uses advanced screening, AI, and mitigation techniques to understand and proactively reduce risk. That could mean replacing wood siding with metal, clearing trees near a property, or layering in sensors for ongoing monitoring.

By intervening directly in risk factors, Stand is redefining what it means to be a modern insurer—moving from passive underwriting to active prevention.

Why Now

The global insurance market is at an inflection point. Climate risk is expanding, and with it, the need for new models of underwriting.

Stand is building the playbook:

• AI at the Core: Machine learning models classify foliage, construction, and environmental factors, running damage simulations that inform both underwriting and mitigation.
  
  
• Climate-Critical Focus: Beginning with wildfire-prone California, but expanding into hurricanes and convective storm risk across the U.S.
  
  
• Massive Market Potential: A $2–3B premium market in California alone, with a path toward building a global insurer writing $10B+ annually.
  
  

Moreover, this is the right team to solve this problem. Insurance is a complex, capital-intensive, and highly regulated industry. It demands leaders who know how to scale through uncertainty, and Dan Preston is that kind of founder. As the former CEO of Metromile, he brings the right mix of vision and execution to reimagine a centuries-old industry.

‍Looking Ahead

Stand has now expanded beyond California, and will diversify into additional climate perils, and scale their premium volumes. Stand’s journey reflects a relentless focus on speed, transparency, and customer experience in an industry that’s often anything but.

Insurance may be one of the hardest markets to transform, but it’s also one of the most important. Stand Insurance is showing what’s possible when you combine AI, climate urgency, and founder experience.

We’re excited to back them on this journey and can’t wait to see the impact they’ll have as they build the next generation of global insurers.

Congratulations to Dan and the entire Stand Insurance team on this Series B.