Matic Insurance, a provider of embedded insurance solutions, has announced it secured $30m in growth funding from Vistara Growth.
The funding will enable Matic to expand its operations, develop its advanced technology platform, and form new partnerships, according to InsurTech Insights.
Founded in 2017, Matic empowers mortgage servicers, originators, banks, and other financial institutions to seamlessly offer insurance products such as home, auto, and other personal lines coverage.
The company connects its partners with over 60 insurance carriers, ensuring access to competitive options for their customers. Matic’s innovative marketplace simplifies the insurance purchasing process and creates new revenue streams for its partners.
It plans to use the funding to enhance its in-house technology, expand its partnerships with financial institutions and insurance carriers, and strengthen its market presence in the personal lines insurance sector.
Matic has established partnerships with over 100 organisations in the US, representing a substantial portion of the mortgage market.
The firm’s embedded model integrates insurance offerings directly into the customer journey, promoting simplicity and transparency in the insurance process.
Matic CFO Stuart Rhodes said, “We’re thrilled to partner with Vistara Growth, whose deep expertise in supporting technology-driven companies makes them the ideal partner for Matic as we continue to scale. Their flexible capital will help us expand our reach, enhance our in-house technology, and strengthen our partnerships with financial institutions and insurance carriers. Matic was founded on the belief that buying insurance should be simple, transparent, and elegantly integrated into the customer journey. With Vistara’s support, we’re confident in our ability to lead the transformation of embedded insurance solutions and deliver even greater value to our partners and their customers.”
Neil Kenley, principal at Vistara Growth, commented, “Matic’s technology platform is a natural extension for its distribution partners who are looking to provide customers with a more transparent and streamlined value-oriented experience while creating additional revenue streams.
“With additional capital, the company is positioned to capture additional share of the personal lines’ insurance market through a combination of its leading technology capabilities and unique embedded distribution model.”
Copyright © 2025 InsurTech Analyst
