Matic Insurance Services, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Matic Insurance Services, Inc. - overview

Established

2014

Location

Columbus, OH-Ohio, US

Primary Industry

Insurance

About

Matic Insurance Services, Inc. is a Columbus-based insurance technology company that simplifies the process of obtaining home and auto insurance through an innovative comparison platform connecting users with various carriers. Matic Insurance Services, Inc. is an insurance technology firm that specializes in providing a seamless platform for home and auto insurance comparison.


Founded in 2014 in Columbus, US, the company was established by Benjamin Madick and Sue Foster. Matic has successfully completed 7 deals, with its most recent funding round occurring in January 2025, during which it raised USD 30 mn from Vistara Growth, bringing the total amount raised to USD 30 mn. Benjamin Madick, the CEO, has led the company toward its current focus on enhancing user experience through technology-driven solutions. Matic Insurance Services, Inc.


provides a simplified platform for comparing home and auto insurance. By connecting customers with more than 40 A-rated insurance carriers, Matic makes it easy to get quotes through a short, pre-filled form while keeping the selection process unbiased. The platform is designed primarily for homeowners and vehicle owners in the United States, with a digital-first approach that appeals to tech-savvy consumers looking to save on insurance premiums. Matic’s revenue comes from commissions paid by insurance carriers when customers switch their policies through the platform.


The company’s model is built around direct consumer engagement, giving people a way to compare and purchase insurance while also developing relationships with mortgage originators and financial institutions. Customers are not charged any additional fees; they simply pay the premiums for the policies they choose, which keeps the emphasis on finding appropriate insurance solutions without conflicts of interest. In January 2025, Matic Insurance Services, Inc. raised USD 30 mn in venture funding from Vistara Growth.


In July 2026, Matic Insurance Services, Inc. raised an undisclosed amount of growth capital funding from new investor Primus Capital. The company will use the July 2026 funding to enhance its insurance platform, expand partnerships, and support acquisitions.


Current Investors

Nationstar Mortgage LLC, Anthemis, National General Holdings Corp

Primary Industry

Insurance

Sub Industries

Mortgage Banking, Insurance Intermediaries, Application Integration Software

Website

www.matic.com

Verticals

InsureTech

Company Stage

Series B

Total Amount Raised

Subscriber access only

Matic Insurance Services, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Unspecified RoundCompletedMatic Insurance Services, Inc.-
Unspecified RoundCompletedMatic Insurance Services, Inc.-
Series BCompletedMatic Insurance Services, Inc.-
Venture DebtCompletedMatic Insurance Services, Inc.-
Series BCompletedMatic Insurance Services, Inc.-

Displaying 1 - 5 of 8

Matic Insurance Services, Inc. - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.