US-based InsurTech startup Slope Software has netted $2m in a funding round led by Tech Square Ventures.
Additional round supporters include Alerion Ventures, Charlotte Angel Fund and existing backer Cofounders Capital.
Slope is a cloud-native actuarial modelling ecosystem that helps merge processes into a single platform. Its technology streamlines workflows, including reserve calculations, product pricing, asset-liability management, embedded value and capital projections.
It claims its technology has helped customers boost efficiency gains by 95%.
Tech Square Ventures general partner Vasant Kamath said, “We are excited to partner with Slope to drive adoption of its unique modelling platform in this large, worldwide market. The Company has seen significant growth in both customers and pipeline, and we believe that Slope can become a leader of the future for this market.”
The InsurTech company previously raised $1m in 2020, which was led by Cofounders Capital.
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