Congratulations to our portfolio company Matic on their successful Series B financing. Matic is a digital insurance agency that sells homeowners, auto and life insurance through channel partnerships with mortgage servicers, mortgage brokers and other digital channels.

Matic raised $24m.  The round was led by new investor IA Capital.  Existing investors participated, including MTech Capital.

MTech Capital initially invested in Matic in July 2019. Since then, the Company has successfully expanded their affiliate distribution partnerships and carriers on their platform. We look forward supporting the team further as they continue to grow their business.