Sola, an Atlanta, GA-based insurtech company providing data-driven policies, raised an undisclosed amount in Seed funding.
The round, which brought the total amount to $3.7M, was led by FINTOP Capital, with participation from Overline, 10vc, Karuna VC, and others.
The company intends to use the funds to expand its wind and hail product, which addresses high deductibles and out-of-pocket costs for wind, hail, and tornado damage, enhance its agent platform, enabling agents to quote and bind policies in seconds and expand its state footprint to serve more high-risk states.
Led by CEO Wesley Pergament, Sola provides a platform that uses advanced weather data and automated claims processing to deliver fast payouts within days. The platform uses advanced weather data and automated claims processing to deliver fast payouts within days. The company has a growing network of partnerships, including collaborations with mortgage companies and hundreds of independent agencies.
With a growing network of partnerships, including collaborations with mortgage companies and hundreds of independent agencies, Sola is paving the way for more Americans to access affordable and reliable homeownership.
FinSMEs
05/12/2204