Stand Raises $70 Million Series C at $1 Billion Valuation to Make the World's Homes Resilient Against Natural Disasters
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.
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