Matic
Founded 2014 · 302 employees on LinkedIn · 15 known investors
Matic is a digital insurance marketplace that connects homeowners and auto insurance seekers with 60+ A-rated carriers through an embedded digital experience offered to distribution partners. The platform serves mortgage originations, mortgage servicing, banking, and credit unions, simplifying insurance shopping as part of the home and auto ownership journey.
Founders & leadership
Matic was founded in 2014 by Ben Madick and Benjamin Madick.
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Ben MadickCo-founder & CEO
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Benjamin MadickinCo-Founder & CEOBen Madick is co-founder and CEO of Matic, a digital insurance marketplace. He previously founded the mortgage risk management consulting firm MQMR and HQ Vendor Management, served as president of Subsequent QC, and spent five years as a correspondent lending executive at Bank of America; he holds a B.S. in Business Administration and Finance from the University of Arizona.
Investors · 15
Base Venture Management, Inc.Oakland · $100K – $700K
Clocktower VenturesSanta Monica · $100K – $20M
ManchesterStory Group, LLCWest Des Moines
MTECH CAPITALSanta Monica
TruStage VenturesMadison · $1M – $5M
Cultivation Capitalreported · 2 sourcesSt. Louis · $100K – $3.5M
IA Capital GroupreportedNew York
Primus Capitalreported
Also in the syndicate · 7
Allstate Strategic VenturesAssurity VenturesBayshore CapitalFenway SummerIntuit VenturesNationwide VenturesVenice Investments
Funding
SEC filings, press & company announcements- Undisclosed amountSeries BOct 2023
Cultivation Capital (lead), IA Capital Group (lead), Allstate Strategic Ventures, Assurity Ventures, Bayshore Capital, Fenway Summer, Intuit Ventures, MTech Capital, Nationwide Ventures, TruStage Ventures, Venice Investments
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 6
by search overlap
Libertymutual4202 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Policy Genius4191 shared keywordsPolicygenius is an online insurance marketplace that provides consumers with free, tailored quotes and support from licensed agents across life, auto, home, and disability insurance. It helps individuals compare policies from multiple insurers and choose coverage that fits their needs.
Insurify3416 shared keywordsInsurify operates an online insurance-comparison marketplace that pulls real-time, personalized quotes from 120-plus insurers (including GEICO, Allstate, and Progressive) for auto, home, renters, and pet insurance, letting shoppers compare policies and buy online or with a licensed agent. Its AI-powered tools include a policy-upload feature, and it also offers Insurify Car, a liability-only auto policy with weekly installment payments; the company is a licensed agency in all 50 U.S. states.
Lemonade2910 shared keywordsLemonade is a digital insurance provider offering homeowners, renters, car, pet, and term life insurance policies. The company uses AI to streamline policy underwriting and claims processing, targeting consumers seeking affordable insurance with fast, digital-first service.
Hippo Home Insurance2358 shared keywordsHippo is an online insurance marketplace that helps customers find and compare home insurance policies, auto insurance, and flood coverage from top-rated carriers through a streamlined quoting process.
Experian2316 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Companies competing with Matic for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Matic do?
- Matic is a digital insurance marketplace that connects homeowners and auto insurance seekers with 60+ A-rated carriers through an embedded digital experience offered to distribution partners. The platform serves mortgage originations, mortgage servicing, banking, and credit unions, simplifying insurance shopping as part of the home and auto ownership journey.
- Who founded Matic?
- Matic was founded by Ben Madick, Benjamin Madick in 2014.
- Who are Matic's investors?
- Matic's investors include Base Venture Management, Inc., Clocktower Ventures, ManchesterStory Group, LLC, MTECH CAPITAL, TruStage Ventures, Cultivation Capital, IA Capital Group, Primus Capital.