Introducing Faura 🌀
Harlem Capital is excited to announce our investment in Faura, an insurtech startup revolutionizing insurance for disaster-prone properties, focused on reducing climate risk and improving property survivability.
We co-led the round alongside Building Ventures, with participation from Metaprop, Triple Five, and Dorm Room Fund.
Faura equips insurers with proprietary resilience models that analyze individual structures, pairing them with tailored mitigation plans. This enables underwriters and policyholders to make more informed decisions, creating a feedback loop that rewards policyholders with better benefits while reducing insurer losses.
The story behind Faura is just as compelling as its mission. CEO Valkyrie Holmes finished high school early, took classes at MIT, and participated in the 776 program with a wildfire-focused drone vortex cannon project. She interned at SpaceX, NASA, and Napa Firewise before committing to solving wildfire challenges through insurance.
Valkyrie and her co-founder, CTO Amanda Southworth, met in early 2023 on Reddit’s r/wildfires community. They quickly realized they shared a deep passion for bringing powerful and accessible tech to the average consumer.
The Faura team’s cheeky nature shines in the video they created, showcasing their ingenuity and humor—qualities we deeply admire!
“Disaster risks are growing into one of the greatest challenges of our time. Faura’s bold and innovative approach helps insurance companies safeguard their businesses while keeping homeowners protected. We’re thrilled to back Valkyrie, Amanda, and the Faura team as they transform how the industry prepares for and responds to risk,” said HCP Partner Gabby Cazeau.
The platform now addresses all five natural catastrophe (NATCAT) risks—wildfire, hurricane, hail, flood, and earthquake. Using Faura's AI-enabled tools, underwriters can quickly assess a property’s survivability across these perils, whether manually or through automated analysis.
We’re thrilled to be on this journey with the Faura team as they align homeowners and underwriters to create massive ripple effects in the market. 🌊