We are thrilled to announce our investment into Delos Insurance through their seed extension round to bring property owners the necessary insurance products in wildfire-prone areas.
Wildfires have unfortunately become more prevalent and severe as a result of climate change, which has ultimately led to insurers fleeing markets with of high wildfire risk and leaving many without viable homeowners insurance options. Delos uses satellite imagery, high-resolution weather models, and a multitude of other inputs to produce high accuracy wildfire risk models to identify homes that old, archaic models have mischaracterized as high risk. In November 22, the business launched a program focused on homeowners in California with capacity for over 15,000 policies.
We look forward to working with Kevin, Shanna, the Delos team, and fellow co-investors in the round.
"This new funding round underscores Delos' commitment to the California homeowners' insurance marketplace and substantiates the success of our vertically integrated strategy," said Delos CEO and Co-Founder Kevin Stein