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Stand raises $70M Series C at $1B valuation

2 reports2 report sources3 days agoUpdate

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Stand, a San Francisco home insurer that prices wildfire risk using digital twins, raised a $70 million Series C at a $1 billion valuation, led by Saga Ventures with Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe and Jackson Square Ventures participating. Stand says it now insures more than $10 billion of property, up from $1 billion a year earlier. It plans to expand across the wildfire-prone West and the Southeast, and later into regions exposed to severe convective storms, freezes and flooding.

AI-generated from reports · 3 days agoUpdate

Latest updatesOct 15 20:00
Stand raises $70M Series C at $1B valuation to price wildfire risk with digital twins

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Oct 17
  1. Crunchbase News
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Oct 15
  1. Fortune Term SheetTop Deals
    Stand raises $70M Series C at $1B valuation to price wildfire risk with digital twins

    Stand, a San Francisco home insurer, raised a $70 million Series C at a $1 billion valuation led by Saga Ventures.

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