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Stand raises $70 million in Series C funding led by Saga Ventures, valuing the company at $1 billion. The funds will be used to enhance their mission of insuring homes against natural disasters.
Amount Raised
$70 Million
Round Type
Series C
Investors
Description
Stand today announced it has raised a $70 million Series C at a $1 billion valuation. The round was led by Saga Ventures with participation from various investors. Stand now insures over $10 billion of property, up from $1 billion a year ago, aiming to make homes safer and insurance more affordable. The fundraising supports their mission to insure resilient properties by simulating disaster scenarios and improving home protection.
Fundz sees it the moment Stand raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Stand raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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