Sola Closes $8M Series A to Build the First Vertically Integrated Insurance Company

ATLANTA, Aug. 26, 2025 /PRNewswire/ -- Sola, a cutting-edge insurtech company redefining property insurance, today announced it has raised $8M in Series A funding, bringing total funding to $11.7M. The round was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech.

Sola is ushering in a new era of affordable and consistent property insurance. Since the company's seed round last year, Sola has grown revenue 7x, launched its flagship wind and hail program, and become a Lloyd's of London coverholder.

"Insurance companies are known for outsourcing core parts of their business," said Wesley Pergament, Co-founder and CEO of Sola. "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."

Sola's vision is to own every step of the recovery process, delivering a seamless, stress-free experience for its customers. By using objective data to trigger payouts rather than relying on traditional subjective claim adjustments, Sola is more resilient to rising wind and hail losses.

"We are excited to back Sola for the second time," said John Philpott, General Partner at FINTOP Capital. "Their unique tech, disciplined underwriting performance, and agency traction position them to capture a massive market opportunity as traditional carriers raise prices and deductibles."

With a growing waitlist of insurance agencies, Sola plans to use the funding to scale to eight figures in revenue, expand its sales and product teams, and bring its coverage to more homeowners when they need it most.

About Sola
Sola Insurance offers innovative, data-driven policies that keep premiums affordable and consistent, even after a claim or a bad storm. Backed by decades of weather insights and advanced technology, Sola reduces financial uncertainty. Learn more at solainsurance.com.

About FINTOP Capital
FINTOP Capital is a venture firm focused on early-stage, B2B fintech companies. With $700+ MM in committed capital across five funds, the team has decades of industry experience as entrepreneurs, operators, & investors. FINTOP partners invest in experienced founders and products changing the way financial institutions, businesses, and their customers interact with money. Learn more at fintopcapital.com.

About JAM FINTOP
JAM FINTOP is a joint venture between JAM Special Opportunity Ventures and FINTOP Capital. The partnership brings together bank experts and seasoned fintech entrepreneurs to invest in companies changing the way financial institutions and their customers move, track, and interact with money. For more information, visit www.jamfintop.com.

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SOURCE Sola