Stand, a San Francisco, CA-based company improving insurance for climate-impacted properties, raised $30M in funding.
Backers included Inspired Capital, Lowercarbon, Equal Ventures and Convective Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Dan Preston, Stand offers a solution that protects property while insuring it. By combining expertise in fire, fuel, land, and structures with advanced physics and AI modeling, it provides property owners with tailored risk-mitigation plans. These plans prioritize specific improvements, such as replacing mulch with gravel in a critical area, or replacing a Juniper tree with a Maple to effectively reduce risks.
Quantifiable risk reductions translate into more accurate pricing, enabling Stand to offer policies in areas others can’t or won’t serve, a win for both homeowners and the company.
The founding team includes:
- Dan Preston, Co-founder, CEO.
- Jason Mueller, Co-founder, CPO.
- Sam Shank, Co-founder.
- Bill Clerico, Co-founder.
