Matic Insurance Services Raises $7 Million in Series A Round

Financed by Mr. Cooper, Top Insurance Carriers and Prominent VC Firms

SHERMAN OAKS, Calif., Nov. 7, 2017 /PRNewswire/ — Matic Insurance Services (Matic), a digital insurance agency whose technology enables borrowers to purchase homeowner’s insurance during the mortgage transaction, announced today it has raised $7 million in a Series A funding round. Investors participating in the round include Mr. Cooper, one of the nation’s top 20 mortgage originators and the fourth-largest home loan servicer in the country; Nationwide, one of the world’s largest insurance and financial services companies; National General Insurance, one of the largest automobile insurers in the United States; and Anthemis and ManchesterStory Group, venture capital firms focused on fintech and insurtech, respectively.

You can read the press release here.