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Catastrophe insurer Stand secures $35m in Series B funding
Yahoo Finance·2025-10-17 19:23

Insurance operator Stand has announced the completion of a 35mSeriesBfundingroundledbyEclipsetobroadenitsreachintoFlorida.ExistinginvestorsInspiredCapital,LowercarbonCapitalandEqualVenturesalsocontributedtotheround.WiththeSeriesBfunding,StandissettoextenditsoperationstoFlorida,oneofthelargestandmostvolatilecatastrophemarketsintheUS.Inexistenceofjustoverayear,StandhasestablishedapresenceinCalifornia,underwritinganinsuredvalueof35m Series B funding round led by Eclipse to broaden its reach into Florida. Existing investors Inspired Capital, Lowercarbon Capital and Equal Ventures also contributed to the round. With the Series B funding, Stand is set to extend its operations to Florida, “one of the largest and most volatile” catastrophe markets in the US. In existence of just over a year, Stand has established a presence in California, underwriting an insured value of 1 ...