What is Matic?
Matic delivers an unbiased approach to insurance, merging a robust digital experience with a network of trusted advisors. The company's core mission is to simplify insurance through an embedded digital platform designed for partners, aiming to enhance the home and auto ownership journey.
How much funding has Matic raised?
Matic has raised a total of $81M across 4 funding rounds:
Series A
$7M
Series B
$24M
Series B
$20M
Other Financing Round
$30M
Series A (2017): $7M with participation from Nationwide, Mr. Cooper, Anthemis UK Ltd, National General Insurance, and ManchesterStory Group
Series B (2020): $24M led by ManchesterStory, Fenway Summer Ventures, Protection America, MTech Capital, IA Capital, The K Fund, Franklin Madison, Clocktower Technology Ventures, Nationwide Ventures, Cultivation Capital, and Anthemis Group
Series B (2023): $20M supported by IA Capital Group and Cultivation Capital
Other Financing Round (2025): $30M featuring Vistara Growth Partners
Key Investors in Matic
IA Capital Group
IA Capital Group is a New York-based private investment firm focused on venture and growth capital investments across insurtech and fintech, partnering with innovative entrepreneurs.
Cultivation Capital
Cultivation Capital is a venture capital firm investing in transformative ideas across various industries, providing capital and a vast network to help startups navigate hyper growth.
Vistara Growth Partners
Vistara Growth Partners LLC provides growth-focused services in business development, sales, product, capital raising, M&A, and strategy planning, with a hands-on approach to helping technology companies create and scale.
What's next for Matic?
The substantial enterprise-level funding and recent strategic investment indicate Matic is poised for significant scaling and market expansion. This capital infusion will likely fuel further development of its digital insurance platform and the growth of its agency network, solidifying its position in the competitive insurance technology sector.
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