Founded in 2016, Stable offers a parametric insurance platform that lets food, farming and other commodity-exposed businesses lock in protection against price swings. Its software hosts more than 5,000 third-party indexes across 70 countries, allowing clients to build highly correlated, automated payout contracts without a traditional claims process. The company applies machine-learning models—running roughly 62 trillion simulations daily—to price risk fairly for both customers and its A-rated re-insurer partners, and earns revenue via a fixed brokerage-style commission. Stable operates from Chicago, Austin, New York City and London, employs about 50 people, and is targeting $500 million in annual written premium within three years of launch. With roughly $50 million raised to date, the firm plans to use fresh capital to grow North American sales and marketing teams and hire additional data scientists. Future expansion targets include new verticals such as packaging, construction/timber and energy, and new geographies in Central and South America.

Total raised

$53M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2021