IA Capital Group, a New York-based venture capital firm, and Cultivation Capital, a venture firm focused on investing in technology, life sciences, geospatial, and agtech companies, led a $20m Series B funding round in Matic, an embedded insurtech platform, with participation from Intuit Ventures, TruStage Ventures, Assurity Ventures, Venice Investments, Bayshore Capital, Fenway Summer, MTech Capital, Nationwide Ventures, and Allstate Strategic Ventures. "Despite the macroeconomic environment and challenging insurance market, Matic continues to profitably grow. The commitment from new and existing investors demonstrates Matic’s sustainable business model that thrives in all markets through partner-led growth. We are thrilled to partner with Intuit Ventures and be one of the first insurtechs joining their portfolio. This successful round is a testament to the hard work and dedication of the Matic team and I couldn’t be prouder of the business we have built together,” Ben Madick, Matic CEO and Co-Founder.