US-based InsurTech Eventual has secured $7.5m in seed funding across two rounds to support the launch of its flagship product, Premium Lock.
The raise was led by AlleyCorp and Upfront Ventures, with backing from Clocktower Ventures, Harvest Ventures, RXR Arden Digital Ventures, and Kindergarten Ventures, according to the Coverager.
Premium Lock offers long-term insurance premium predictability for property owners, addressing the volatility of the US real estate insurance market driven by inflation and climate pressures.
The product attaches to existing policies and guarantees multi-year pricing stability—without requiring customers to switch carriers or reduce coverage.
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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