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.