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- Matic
Matic Funding, Investors & Competitors
Matic has raised $107M across 3 funding rounds, most recently a $77M undisclosed-stage round in August 2025.
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
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
Website
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Aug 2025 | Undisclosed stage | - | $77M | - |
| Nov 2023 | Series A | Daniel Gross; Adam D’Angelo; Jack Dorsey; Nat Friedman; John Collison | $24M | Matic 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 2019 | Seed | Matt 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 2 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2019 | ||
| 1 | Participant | Nov 2023 | ||
| 1 | Participant | Nov 2019 | ||
This data is available for Pro users. Sign up to see all 13 Matic investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMatic Competitors
Matic competitors include listed companies like UBtech Robotics and Infleqtion, and private ones like Figure, Skild AI, Shield AI and Saronic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $298M | ($108M) | $5.1B | 9.5x | ||
| Private | - | - | $39B | - | ||
| Private | $30M | - | $14B | - | ||
| Private | $540M | - | $13B | 23.5x | ||
| Private | $200M | - | $9.3B | 46.3x | ||
| Publicly listed | $29M | ($52M) | $3.1B | 64.5x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $95B | $10B | 15.0x | 13.8x | 140.8x | 97.4x | |||
| $25B | $6.3B | 4.7x | 4.5x | 18.8x | 15.6x | |||
| $253M | $55M | 118.8x | - | 548.5x | - | |||
| $5.4B | $853M | 3.6x | 3.2x | 22.6x | 13.8x | |||
| $3M | ($786M) | 3957.3x | 1040.1x | (15.1x) | (15.5x) | |||
| $994M | $214M | 10.0x | 9.0x | 46.4x | 31.7x | |||
| $20B | $2.2B | 0.7x | 0.9x | 6.3x | 5.4x | |||
| $1.9B | $140M | 2.8x | 2.7x | 38.5x | 12.3x | |||
This data is available for Pro users. Sign up to see all Matic competitors and their valuation data. Start Free Trial | ||||||||
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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