Stand raises $70m Series C at $1bn valuation and hires ex-Nephila executive Tony Landi as CFO

Stand has raised $70m in a Series C round at a valuation of $1bn, Artemis reported on 15 October 2026. Saga Ventures led the round, with Lowercarbon, Eclipse, Equal Ventures, Inspired Capital, Neotribe and Jackson Square Ventures among the other investors. Reinsurance News, writing on 16 October, reported that Stand's total funding now reaches $130m.

Stand describes itself as a licensed insurance producer focused on homes in catastrophe-exposed regions. According to the company, its Stand World Model builds a digital version of each property and simulates how it would hold up in wildfire, high wind and other events. Stand says it then recommends mitigation work, confirms that owners have completed it and offers cover that it prices for the lower risk. Stand says the property it insures has grown from $1bn a year ago to $10bn.

Tony Landi joins as chief financial officer, responsible for finance, reinsurance, capital markets and growth strategy. He most recently led strategic growth at Nephila Capital, which is already one of Stand's reinsurers, and earlier headed reinsurance and capital management at Openly and portfolio management at Everest Re. Drew Saad, previously chief underwriting officer at PURE Insurance, joins as president of property and casualty.

Stand said the new money will go into its technology and the expansion of its insurance business. Co-founder and chief executive Dan Preston said that "disasters follow the laws of physics, and insurance should too."