Delos Insurance Solutions secured a $7.3 million seed extension funding to expand its homeowners' insurance offerings in California, addressing coverage challenges posed by increasing wildfire risks.

Target Information

Delos Insurance Solutions, founded in San Francisco in 2017 by a team of aerospace engineers, specializes in providing homeowners' insurance to properties located in areas deemed at high risk for wildfires. Utilizing advanced wildfire science and satellite imagery, the company addresses the critical insurance availability challenges faced by homeowners in wildfire-prone regions. Delos operates as a Managing General Agent (MGA), offering policies on behalf of insurers rated 'A' (Excellent) by AM Best, and has not recorded a single wildfire loss among insured homes.

The company recently announced a seed extension funding round of $7.3 million, aimed at further growing its insurance operations in California. The funding will enable Delos to enhance its offerings in a market where large national carriers are retreating due to escalating wildfire risks.

Industry Overview

The homeowners' insurance industry in California has been significantly challenged by the increasing frequency and intensity of wildfires. In recent years, many traditional insurers have begun to reduce their exposure to Californi