Today, Eventual announces $7.5m in funding and the launch of Premium Lock—the first and only product offering long-term insurance predictability for American real estate owners. Fortune helped us cover this milestone in an exclusive published here.

Dylan DiMarchi, CEO

TLDR: Eventual has raised $7.5m in total funding across two rounds led by AlleyCorp and Upfront, with participation from Clocktower Ventures, Harvest Ventures, Kindergarten Ventures and RXR Arden Digital Ventures.

Introducing Premium Lock

Today, Eventual is announcing Premium Lock, the first and only product offering long-term insurance predictability for American real estate owners.

Why insurance? America’s once stable property insurance market is now where climate and inflation shocks have become urgent financial problems for everyday Americans. At Eventual, our mission is to improve financial resilience for real estate owners facing exactly these threats.

Premium Lock does exactly what it sounds like—it attaches to any existing homeowners or commercial property insurance policy and guarantees three years of insurance premium predictability. Don’t believe us? Get a quote in 30 seconds here or book a demo.

Stop the chaos at renewal

For years, real estate insurance was easy: insurers were eager to provide coverage anywhere, anytime, at a reasonable price. At renewal, premiums often stayed flat for years. But not anymore. Here’s what we’ve been hearing.

“My carrier raised my home insurance premiums 75% over the last few years—and I have the minimum coverage.” - Homeowner in Atlanta, GA
“Over the last few years, home insurance premiums have at least doubled for almost all 500 of my clients.” - Insurance agent in Dallas, TX
“Premiums across our US portfolio grew 40% last year.” - Global rental housing investor
“I’m paying $2,500 for home insurance this year, up from $1,300 two years ago.” - Homeowner in Grand Rapids, MI

Whether you’re a first-time homeowner or a scaled real estate private equity fund, you’re stuck with only bad options to keep your insurance affordable: decrease your coverage, but face large losses if you have a claim; constantly shop coverage every year at renewal, only to find that other carriers cost even more.

There hasn’t been a solution to address the core timing problem: Real estate owners commit to their properties for years or decade, while insurance carriers reprice their coverage annually.

Eventual is doing it differently

Eventual doesn’t sell insurance. Instead, we’ve built the industry’s new multi-year predictability layer: Premium Lock. This fundamentally changes how property insurance works in the long term. Here’s how Premium Lock works:

First, we built a database of insurance policies from millions of US homes and hundreds of thousands of commercial properties, spanning over a decade of property insurance renewals.

Second, we use those data to power models that answer a simple question: for any address in the US, how much are property insurance premiums likely to increase over the next half decade? To our knowledge, our model is more accurate than any other approach in existence today.

As the last step, Eventual guarantees the accuracy of our prediction. What does this mean in practical terms? If your actual property insurance premiums exceed our prediction level, we’ll pay you the difference. With that simple guarantee, we’ve enabled real estate owners to have contractual, predictable property insurance premiums for multiple years, without changing carriers or agents/brokers.

See Premium Lock at work here or book a demo.

New funding for 2025

To accelerate our mission, we’re excited to announce $7.5m in funding across two rounds led by Luc Ryan-Schreiber at AlleyCorp and Aditi Maliwal at Upfront. Other participants in the round include Clocktower Ventures, Harvest Ventures, RXR Arden Digital Ventures, Kindergarten Ventures and angel investors.

We’re hiring - join us!

We’re excited to pursue an ambitious roadmap with this new backing. There is a lot to get done at this critical intersection of climate risk and the built world. Come join our team of PhDs, options traders, software engineers and real estate professionals. We are hiring across the board, including engineering, sales and operational roles.