Stand Raises $70 Million at $1 Billion Valuation
Stand Raises $70 Million to Expand Property Insurance Stand has raised $70 million in Series C funding at a $1 billion valuation. Saga Ventures led the round, with participation from The post Stand Raises $70 Million at $1 Billion Valuation appeared first on Ventureburn .
Stand, a property insurance company, has secured $70 million in Series C funding, bringing its valuation to $1 billion. The investment round was led by Saga Ventures, with participation from Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe, and Jackson Square Ventures. Stand's innovative approach to property insurance leverages a proprietary model to assess individual property vulnerabilities and recommend improvements to mitigate disaster risks and lower insurance premiums.
With the backing of this new funding, Stand plans to strengthen its operations and scale its offerings in high-risk regions, such as California and Florida, where it currently focuses on wildfire and hurricane risks, respectively.
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