Sola

Founded: 2020 • Age: 6 yrs
Supplemental insurance is provided to homeowners for tornado damage payouts.
Annual revenue - Latest available
Total funding $16.0M 3 rounds
Employees - Tracked headcount
Investors 6 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About Sola

Sola is a company founded in 2020. It operates as a InsurTech. Sola has raised $16 million across 3 funding rounds from investors including Georgia Institute of Technology, FINTOP and Overline. Sola offers products and services including Wind and Hail Insurance. Sola operates in a competitive market with competitors including Hippo, Kin, Resilience, Safely and Steadily, among others.

  • Sectors
    Financial Services
  • Email
    Locked
  • Phone
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  • Website
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  • Social
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Operational Areas
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $16 M (USD)

    in 3 rounds

  • Latest Funding Round
    $8 M (USD), Series A

    Aug 08, 2025

  • Investors
  • Employee Count
    Not available
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Products & Services of Sola

Sola offers a comprehensive portfolio of products and services, including Wind and Hail Insurance.

Product name locked
Category locked
Primary

Coverage for wind and hail damage is provided.

People of Sola

Headcount 1-10
Employee Profiles 3
Employee Profiles
People
Brayden Drury
Co-founder & COO
People
Wesley Pergament
Co-Founder and CEO
People
Jeffrey Zhou
Chief Technology Officer

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Funding Insights of Sola

Sola has successfully raised a total of $16M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in August 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.

Investors in Sola

Sola has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Georgia Institute of Technology, FINTOP and Overline.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
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Early-stage venture capital investments are made in Southeast startups.
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Venture capital investments are provided to early-stage technology startups.
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Investor details for Sola

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

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Investments & Acquisitions by Sola

Investments
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Investment portfolio details for Sola

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - Sola

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Detailed financials for Sola

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  • Profit trends
  • Statement rows
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Sola Comparisons

Sola Primary company
Description
Supplemental insurance is provided to homeowners for tornado...
Location
-
Founded Year
2020
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Sola

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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  • Funding comparison
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Competitors of Sola

Sola 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 Hippo, Kin, Resilience, Safely and Steadily, among others.

Company Name Domain Founded year HQ Location Description
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Homeowners insurance coverage is delivered via an online platform.
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Homeowner insurance is offered via an online platform for individuals.
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Cyber risk management services are provided to investment industries.
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ID verification solutions are provided for vacation rentals.
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Rental property insurance coverage is provided via an online platform.
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Provider of homeowners insurance
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Detailed competitors of Sola

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  • Domains and locations
  • Full company profiles
  • Operating metrics
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Latest news on Sola

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Complete news archive for Sola

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Sola

Sola was founded in 2020 and raised its 1st funding round 4 years after it was founded.

Sola is a funded company, having raised a total of $16M across 3 funding rounds to date.

Specialized insurance solutions for wind and hail damage are provided by Sola. Focus is placed on protecting properties in vulnerable regions. Coverage options are tailored to meet specific client needs in the insurance sector.

Sola's top competitors include Hippo, Kin and Steadily.

Sola offers Wind and Hail Insurance.

Sola has 6 investors. Key investors include Georgia Institute of Technology, FINTOP, Overline, 10vc, and Karuna Capital.

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