Property insurance company Sola has announced the close of its $8 million Series A funding round, bringing its total capital raised to $11.7 million. The round was led by FINTOP Capital and JAM FINTOP, with additional support from 10vc and Georgia Tech, underscoring strong investor confidence in Sola’s vision to modernize and simplify property insurance for homeowners across the country.

Founded with the belief that insurance should be both affordable and consistent—especially in the face of increasingly volatile weather—Sola is building a new kind of insurtech company. One that doesn’t just tweak the edges of legacy systems, but reimagines the whole insurance stack from the ground up.

Since the seed round last year, the company has grown revenue sevenfold, launched its flagship wind and hail coverage program, and earned the distinction of becoming a Lloyd’s of London coverholder—a rare and prestigious endorsement in the insurance world.

At the center of Sola’s approach is a commitment to transparency and speed. Traditional property insurance often relies on subjective claim adjustments, which can lead to delays, disputes, and inconsistent outcomes for policyholders. Sola flips that model by using objective data like as verified weather events and geospatial analytics—to trigger payouts automatically. This not only reduces friction for customers but also makes the company more resilient to the rising costs associated with wind and hail damage, which have become increasingly common due to climate change.

Sola’s vision is to own every step of the recovery process, from policy design and risk modeling to claims handling and internal tooling. By vertically integrating these components, the company eliminates the need for third-party vendors and delivers a seamless, stress-free experience for both customers and agents. It’s a model designed not just for efficiency, but for empathy—recognizing that homeowners dealing with damage and uncertainty deserve clarity, speed, and support.

The company’s momentum is reflected in its growing waitlist of insurance agencies eager to offer Sola’s products. With this new funding, Sola plans to scale its operations to reach eight figures in revenue, expand its sales and product teams, and bring its coverage to more homeowners in need. The timing couldn’t be better: as traditional carriers raise premiums and deductibles in response to mounting climate-driven losses, Sola’s data-driven approach offers a compelling alternative.

KEY QUOTES:

“Insurance companies are known for outsourcing core parts of their business. We rebuilt and vertically integrated our policy forms, modeling, claims, and internal tools from scratch, creating a better buying, coverage, and claims experience for customers and agents.”

Wesley Pergament, Co-founder and CEO of Sola

“We are excited to back Sola for the second time. Their unique tech, disciplined underwriting performance, and agency traction position them to capture a massive market opportunity as traditional carriers raise prices and deductibles.”

John Philpott, General Partner at FINTOP Capital