Sola, an Atlanta-based InsurTech startup, has raised $8m in Series A funding to accelerate its plans to create the first vertically integrated property insurance company.
The funding round, which brings the company’s total capital raised to $11.7m, was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech, according to InsurTech Insights.
The company positions itself as a next-generation insurer that controls every stage of the property insurance process, from policy forms and risk modelling to claims management and internal operational tools. By owning these stages, Sola eliminates reliance on third-party providers, aiming to deliver a more consistent and efficient experience for both agents and customers.
Sola’s model leverages objective data triggers for claim payouts, reducing reliance on subjective adjustments and enabling faster, more predictable recovery for policyholders. Since its seed round last year, the company has grown revenue sevenfold, launched its flagship wind and hail programme, and achieved coverholder status with Lloyd’s of London.
The new funding will be used to scale revenue into eight figures, expand the company’s sales and product teams, and make its coverage accessible to more homeowners. This capital injection supports Sola’s goal of building a fully integrated property insurance business that blends technology with disciplined underwriting.
Sola co-founder and CEO Wesley Pergament said, “Insurance companies are known for outsourcing core parts of their business. We rebuilt and vertically integrated our policy forms, modeling, claims, and internal tools from scratch, creating a better buying, coverage, and claims experience for customers and agents.”
FINTOP Capital general partner John Philpott said, “Their unique tech, disciplined underwriting performance, and agency traction position them to capture a massive market opportunity.”
The Series A follows Sola’s seed round last year, which laid the foundation for its technology-driven property insurance model.
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