Eventual, a US-based InsurTech company focused on making property insurance more predictable, has secured $7.5m in funding across two rounds.
The seed capital was led by AlleyCorp and Upfront Ventures, with participation from Clocktower Ventures, Harvest Ventures, RXR Arden Digital Ventures, Kindergarten Ventures, and several angel investors, according to the Coverager.
Founded to address the growing instability in the American property insurance market, Eventual has launched Premium Lock—its flagship product.
This tool offers long-term predictability in insurance premiums, providing homeowners and commercial property investors with financial resilience in the face of rising costs caused by climate change and inflation.
The newly raised capital will be used to scale Premium Lock, which attaches to any existing insurance policy and guarantees up to three years of stable premium pricing.
This allows property owners to better plan ahead without the need to reduce coverage or shop for new insurers annually.
The technology is backed by a decade’s worth of data from millions of US homes and commercial properties.
Eventual uses proprietary models to forecast future insurance premiums and offers a contractual guarantee—if actual premiums exceed the predicted amount, Eventual pays the difference.
The company aims to reframe how property insurance operates, giving owners long-term pricing certainty while keeping their existing carriers and brokers.
In a statement released on his LinkedIn, Eventual CEO Dylan DiMarchi said, “Today we’re announcing Eventual’s $7.5m seed, which accelerates our mission of solving climate & insurance chaos for American real estate owners. Premium Lock, our flagship product, makes insurance pricing more predictable for the long-run, bringing financial stability to property insurance volatility.”
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