About Matic Insurance
Matic Insurance is a company based in Columbus (United States) founded in 2014 by Benjamin Madick and Aaron Schiff.. Matic Insurance has raised $80.83 million across 7 funding rounds from investors including Intuit, National General Insurance and Mr. Cooper. The company has 224 employees as of December 31, 2022. Matic Insurance operates in a competitive market with competitors including Honeycomb Insurance, SageSure, Azibo, SmartFinancial and National Homeowners Insurance, among others.
- Headquarter Columbus, United States
- Employees 224 as on 31 Dec, 2022
- Founders Benjamin Madick, Aaron Schiff
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$80.83 M (USD)
in 7 rounds
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Latest Funding Round
$30 M (USD), Series C
Jan 07, 2025
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Investors
Intuit
& 21 more
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Employee Count
224
as on Dec 31, 2022
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Funding Insights of Matic Insurance
Matic Insurance has successfully raised a total of $80.83M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $30 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $30.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 22
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series C - Matic Insurance | Valuation |
investors |
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| Oct, 2023 | Amount | Debt – Conventional - Matic Insurance | Valuation |
investors |
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| Oct, 2023 | Amount | Series B - Matic Insurance | Valuation | IA Capital Group , Cultivation Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Matic Insurance
Matic Insurance has secured backing from 22 investors, including venture fund and institutional investors. Prominent investors backing the company include Intuit, National General Insurance and Mr. Cooper. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Debt and equity solutions are provided to mid-to-late-stage technology companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech startups
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Founded Year | Domain | Location | |
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Early-stage tech companies are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Matic Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Matic Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Matic Insurance Comparisons
Competitors of Matic Insurance
Matic Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Honeycomb Insurance, SageSure, Azibo, SmartFinancial and National Homeowners Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based comparison platform for real estate insurance
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| domain | founded_year | HQ Location |
Online property insurance comparisons are provided for individuals and businesses.
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| domain | founded_year | HQ Location |
Digital banking and rent collection services are provided for landlords.
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| domain | founded_year | HQ Location |
Home insurance is compared and purchased through an online platform.
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| domain | founded_year | HQ Location |
Online platform for comparing auto and home insurance quotes from providers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Matic Insurance
Frequently Asked Questions about Matic Insurance
When was Matic Insurance founded?
Matic Insurance was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Matic Insurance located?
Matic Insurance is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of Matic Insurance?
Benjamin Madick is the current CEO of Matic Insurance. They have also founded this company.
Is Matic Insurance a funded company?
Matic Insurance is a funded company, having raised a total of $80.83M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $3M, raised on Jun 01, 2016.
How many employees does Matic Insurance have?
As of Dec 31, 2022, the latest employee count at Matic Insurance is 224.
What does Matic Insurance do?
Matic Insurance was founded in 2014 in Columbus, United States, within the insurance and fintech sector. Home insurance quote solutions are offered by the company to link lenders and borrowers during the origination of new home loans. Assistance is provided in completing loan applications and supporting the overall home-buying process through these integrated services.
Who are the top competitors of Matic Insurance?
Matic Insurance's top competitors include Azibo, Honeycomb Insurance and SageSure.
Who are Matic Insurance's investors?
Matic Insurance has 22 investors. Key investors include Intuit, National General Insurance, Mr. Cooper, Freedom Mortgage, and Nationwide.