Matic Funding, Investors & Competitors

Matic has raised $107M across 3 funding rounds, most recently a $77M undisclosed-stage round in August 2025.

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Last Matic funding round

$77M

Undisclosed stage · Aug 2025

Cumulative funding Matic raised

$107M

across 3 funding rounds

Key investors in Matic

  • Adam D’Angelo
  • John Collison
  • Jack Dorsey
  • Naval Ravikant
  • Nat Friedman
  • Daniel Gross
  • Avichal Garg
  • Adam Nash

Matic Overview

About Matic

Matic is an embedded insurtech platform that distributes property and casualty insurance through mortgage and banking partners, letting borrowers shop for home and auto coverage at points such as loan origination and refinancing. The company partners with lenders and financial institutions that together process about 20% of US home loans, and has reported more than 100% average annual revenue growth over five years.


Founded

2017

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Matic Funding History

Matic has raised a total of $107M across 3 funding rounds.

Matic's first fundraising round was a $6M seed round in November 2019. The most recent completed round was a $77M undisclosed-stage round in August 2025.

Matic funding rounds

Matic funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2025Undisclosed stage-$77M-
Nov 2023Series ADaniel Gross; Adam D’Angelo; Jack Dorsey; Nat Friedman; John Collison$24MMatic is an embedded insurtech platform for P&C insurance in mortgage/banking, partnering with entities processing 20% of U.S. home loans. October 2023 Series B extension round raising $20M ($17M equity + $3M credit), co-led by IA Capital Group and Cultivation Capital, with participation from Intuit Ventures, TruStage Ventures, Assurity Ventures, and others. This round doubled valuation from 2020 Series B, noted 100%+ average revenue growth over five years, and 60%+ bottom line improvement last year.
Nov 2019SeedMatt Rogers (lead); Adam D’Angelo; Jack Dorsey; Naval Ravikant; Joe Lonsdale; Brian Pokorny; Avichal Garg; Adam Nash; Ayo Omojola; John Collison; Nickhil Jakatdar$6M-

Who has invested in Matic?

13 investors have backed Matic across its funding rounds, including Adam D’Angelo, John Collison, Jack Dorsey, Naval Ravikant, Nat Friedman and Daniel Gross.

Lead investors include Matt Rogers.


Matic Investors

Investors in Matic by funding rounds participated
InvestorHQRoundsRoleFirst check
Adam D’AngeloUnited StatesSan Francisco, CA2ParticipantNov 2019
Jack DorseyUnited StatesSan Francisco, CA2ParticipantNov 2019
John CollisonUnited StatesUnited States2ParticipantNov 2019
Daniel GrossUnited StatesSan Francisco, CA1ParticipantNov 2023
Naval RavikantUnited StatesSan Francisco, CA1ParticipantNov 2019
Joe LonsdaleUnited StatesSan Francisco, CA1ParticipantNov 2019
Brian PokornyUnited StatesSan Francisco, CA1ParticipantNov 2019
Avichal GargUnited StatesSan Francisco, CA1ParticipantNov 2019
Adam NashUnited StatesSan Francisco, CA1ParticipantNov 2019
Nat FriedmanUnited StatesUnited States1ParticipantNov 2023
Ayo OmojolaUnited StatesSan Francisco, CA1ParticipantNov 2019

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Matic Competitors

Matic competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Figure, Skild AI, Shield AI and Saronic.

Public and private companies comparable to Matic
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
UBtech RoboticsChinaChinaPublicly listed$298M($108M)$5.1B9.5x
FigureUnited StatesSan Jose, CAPrivate--$39B-
Skild AIUnited StatesPittsburgh, PAPrivate$30M-$14B-
Shield AIUnited StatesSan Diego, CAPrivate$540M-$13B23.5x
SaronicUnited StatesAustin, TXPrivate$200M-$9.3B46.3x
InfleqtionUnited StatesUnited StatesPublicly listed$29M($52M)$3.1B64.5x

Matic Public Comps

Matic is still privately-owned, but its public comps include Tesla, Stryker, Unitree Robotics, Zebra, Aurora Innovation, Cognex, Aptiv, Mobileye, Symbotic and UBtech Robotics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Tesla$95B$10B15.0x13.8x140.8x97.4x
Stryker$25B$6.3B4.7x4.5x18.8x15.6x
Unitree Robotics$253M$55M118.8x-548.5x-
Zebra$5.4B$853M3.6x3.2x22.6x13.8x
Aurora Innovation$3M($786M)3957.3x1040.1x(15.1x)(15.5x)
Cognex$994M$214M10.0x9.0x46.4x31.7x
Aptiv$20B$2.2B0.7x0.9x6.3x5.4x
Mobileye$1.9B$140M2.8x2.7x38.5x12.3x

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Common questions about Matic

When was Matic founded?Matic was founded in 2017.
Where is Matic headquartered?Matic is headquartered in United States.
Is Matic publicly listed?No, Matic is a private, VC-backed company.
How much funding has Matic raised?Matic has raised $107M across 3 funding rounds.
What was Matic's last funding round?Matic's last funding round was a $77M undisclosed-stage round in August 2025.
Who are Matic's investors?Matic's investors include Adam D’Angelo, Jack Dorsey, John Collison, Daniel Gross, Naval Ravikant, Joe Lonsdale, Brian Pokorny, Avichal Garg, Adam Nash, Nat Friedman and 3 others.
Which companies are comparable to Matic?Companies comparable to Matic include UBtech Robotics, Figure, Skild AI, Shield AI, Saronic and Infleqtion.

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