The round, which brings the company’s total funding to $11.7 million, was led by FINTOP Capital and JAM FINTOP, with participation from 10vc and Georgia Tech.

Founded in Atlanta, Sola is positioning itself as a next-generation insurer that owns every stage of the property insurance process – from policy forms and risk modeling to claims and internal tools. The company says this approach eliminates reliance on third-party outsourcing and delivers a more consistent experience for both agents and customers.

Since its seed round last year, Sola has expanded rapidly, growing revenue sevenfold, launching its flagship wind and hail program, and achieving coverholder status with Lloyd’s of London. Its insurance model uses objective data triggers for payouts, reducing the reliance on subjective claims adjustments and enabling faster, more predictable recovery for policyholders.

“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.”

Investors say Sola is well-positioned as traditional carriers continue to raise prices and deductibles amid mounting climate-driven losses. “Their unique tech, disciplined underwriting performance, and agency traction position them to capture a massive market opportunity,” said John Philpott, General Partner at FINTOP Capital.

With a growing waitlist of agencies, Sola plans to use the new capital to scale revenue into eight figures, expand its sales and product teams, and make its coverage available to more homeowners.