Latest news with #DylanDiMarchi
Yahoo
23-07-2025
- Business
- Yahoo
Eventual, a climate fintech, raises $7.5 million seed round from AlleyCorp and Upfront Ventures
Growing up in Hawaii, Dylan DiMarchi was a sailor. And he watched as the weather shifted throughout his childhood, and adolescence. 'I've been sailing for two decades now, and noticing patterns in the weather is our main job as sailors,' he said. 'There are definitely changes in certain venues. Like, in my home venue [on Oahu] Kāneʻohe, we've seen wind directions and strength definitely and measurably change over the last two decades. While it's hard to know exactly what dynamics are leading to that change on that island in the Pacific, it's really important we spend a lot of time looking at weather models.' DiMarchi has spent much of his life thinking about weather—his experience sailing is connected to his life as an entrepreneur, as cofounder and CEO of Eventual, a startup helping insurance carriers and homeowners predict climate-driven pricing changes. Founded in 2023 by DiMarchi and Youssef Doss, Eventual built a model—based on historical and current data from 20 million homes and 150,000 commercial properties—that estimates how insurance prices on homes in the U.S. will change in the coming years. 'We're focused on not just solving insurance generally, but on a relatively new stress—this unpredictability and timing problem.' said DiMarchi. 'Many of our customers have seen premiums, often unexpectedly, increase 50% to 100% over the last three or four years, which is wild to say out loud.' Now, Eventual has raised a $7.5 million seed round led by AlleyCorp and Upfront Ventures, the company exclusively told Fortune. 'Over time, we see this being useful for every homeowner in America,' Luc Ryan-Schreiber, AlleyCorp investor, added via email. 'Anyone who owns property should have access to this sort of long-term predictability, as insurance pricing has suddenly become one of the most urgent financial problems in real estate today.' Eventual's new key product is called Premium Lock, an AI model predicting how insurance prices will evolve for any given U.S. property as far ahead as five years in the future. Right now, it's available nationwide. Eventual solves 'the rollercoaster ride of property insurance premiums,' said Yoon Lee, founder at Connecticut-based real estate company RoomUnity. 'When you own multiple properties, getting a clear picture of your expenses is super important for planning,' Lee said via email. 'Insurance companies base their premiums on replacement cost, which is highly exposed to increases in construction material and labor inflation. Eventual is a smart way to hedge against that risk; it effectively caps how much our premium can go up for a set period. This kind of predictability is invaluable for our financial planning.' At a time when the Trump White House has been rolling back policies designed to address climate change, DiMarchi says it's important to think about the far-off future as much as the near-term. 'We are climate pragmatists,' DiMarchi told Fortune. 'You can't just live your life decades out, working on mitigation. You also need to react to the near-term, on a one, two, or five-year time horizon. So, we think that's our role in this whole universe—building financial resilience against a financial problem that's a result of climate change.' This story was originally featured on
Business Wire
04-07-2025
- Business
- Business Wire
RoomUnity Protects Its US Real Estate Portfolio Against Insurance Inflation with Eventual's Premium Lock
NEW YORK--(BUSINESS WIRE)--RoomUnity, a vertically-integrated real estate firm, finalized its Premium Lock transaction across its US rental portfolio. This transaction secures RoomUnity's long-term visibility into future insurance pricing and provides meaningful downside protection. Premium Lock enables multi-year insurance pricing predictability for real estate owners and operators, and is sold by Eventual, an insurance technology company based in New York City. "When the tariff news broke, ushering in a new regime in global trade, we accelerated our efforts to protect our portfolio from inflation" Share Amidst potentially escalating climate events and uncertainties in global trade, RoomUnity undertook a comprehensive effort to mitigate its portfolio from potential cost inflation. The transaction with Eventual provides a strategic mechanism to lock in insurance premium thresholds, thereby insulating RoomUnity's operations from potential future premium spikes. "When the tariff news broke, ushering in a new regime in global trade, we accelerated our efforts to protect our portfolio from inflation," said Yoon Lee, Founder at RoomUnity. "If significant increases in construction cost materialize, we expect insurance premiums to potentially increase as well, given higher theoretical replacement cost. Eventual's Premium Lock solution allows us to continue to pursue our mission of more energy-efficient and environmentally sustainable properties." Eventual's CEO, Dylan DiMarchi, added, "This transaction with RoomUnity illustrates a growing theme, that American real estate owners are seeking tools for better long-term operating and underwriting predictability. New climate, macroeconomic, and regulatory uncertainty are playing a major role here.' About RoomUnity RoomUnity is a tech-enabled housing brand under King's Gate. RoomUnity specializes in creating and managing community-oriented living spaces, providing free flatmate introductions and sustainable, furnished housing. King's Gate is a vertically integrated firm with capabilities in real estate investment, management, and advisory, with a diverse portfolio in the US and Asia. Dedicated to stewarding long-term asset value and delivering superior returns, we combine our data-driven approach with operational and technological rigor. About Eventual Eventual is a New-York-based insurance technology company making American real estate owners more financially resilient to new climate risks. The company's flagship Premium Lock product addresses recent insurance volatility by predicting multi-year insurance escalations for every address in America. Taking inspiration from interest rate cap markets, Premium Lock combines an embedded risk-transfer product with best-in-class predictive modeling.
