Matic Insurance Services has secured $30 million in funding from Vistara Growth to enhance its embedded insurance platform and expand distribution partnerships.

Information on the Target

Matic Insurance Services Inc. ("Matic") is a premier insurtech platform specializing in embedded insurance solutions. The company has successfully raised $30 million in funding from Vistara Growth, a firm focused on providing flexible growth capital to technology-driven companies. Matic offers an innovative platform that enables mortgage servicers, originators, banks, and other financial institutions to provide their customers with seamless access to home, auto, and personal lines insurance products.

Since its launch in 2017, Matic has established partnerships with over 100 organizations, collectively accounting for approximately 20% of the U.S. mortgage market. The platform functions as a marketplace utilizing more than 60 insurance carriers, enabling organizations to offer their customers competitive policy options and streamline the purchasing process.

Industry Overview in the Target’s Specific Country

The insurtech industry in the United States is rapidly evolving, characterized by technological advancements and changing consumer preferences. As consumers increasingly demand convenience and transparenc