What is Matic?
Matic operates at the intersection of insurance and digital transformation, providing an embedded experience that simplifies the complex world of home and auto coverage. By integrating a powerful digital interface with a team of trusted advisors, the company bridges the gap between automated efficiency and human-centric service. This hybrid model is designed to streamline the ownership journey for consumers while providing partners with a scalable, white-labeled solution. As an insurtech innovator, Matic focuses on reducing friction in the insurance procurement process, positioning itself as a critical utility for modern financial and real estate ecosystems.
How much funding has Matic raised?
Matic has raised a total of $106M across 4 funding rounds:
Series A
$7M
Series B
$44M
Other Financing Round
$30M
Stock/Share Issuance
$25M
Series A (2017): $7M with participation from Nationwide, Anthemis UK Ltd, Mr. Cooper, ManchesterStory Group, and National General Insurance
Series B (2023): $44M led by Anthemis, IA Capital, Fenway Summer Ventures, Clocktower Technology Ventures, MTech Capital, ManchesterStory, Cultivation Capital, The K Fund, Protection America, Franklin Madison, and Nationwide Ventures
Other Financing Round (2025): $30M supported by Vistara Growth Partners
Stock/Share Issuance (2026): $25M, investors not publicly disclosed
Key Investors in Matic
Nationwide Ventures
Nationwide is a Fortune 100 diversified insurance and financial services organization that provides a comprehensive range of products, including auto, commercial, and homeowners insurance.
Anthemis
Anthemis is a London-based investment firm that cultivates change in financial services by backing and sustaining innovative businesses.
IA Capital
IA Capital Group is a New York-based private investment firm dedicated to partnering with entrepreneurs in the insurtech and fintech sectors.
What's next for Matic?
With the infusion of $25M, Matic is well-positioned to accelerate its strategic roadmap, focusing on deepening its embedded insurance capabilities and expanding its partner network. The company is expected to prioritize the enhancement of its proprietary digital platform, ensuring that it remains at the forefront of the insurtech industry. By leveraging its strong relationships with major insurance carriers and financial institutions, Matic aims to capture a larger share of the home and auto insurance market. Future growth will likely be driven by continued investment in data-driven personalization and the seamless integration of its services into broader financial service workflows, solidifying its role as a key infrastructure provider in the evolving insurance sector.
See full Matic company page
