Slope Software, which helps modernize actuarial software, has secured a $1m seed investment to support its growth.
The capital injection was led by tech investor Cofounders Capital.
Proceeds from the round will be used to support the development of its software.
Atlanta-based Slope Software, which launched its operations last year, optimizes and streamlines operations for insurance companies and consultants within the actuarial space. The solution empowers an actuary to accelerate critical analysis by lowering time-consuming tasks prone to error.
Cofounders Capital partner Tim McLoughlin said, “At Cofounders Capital, we look to invest in great management teams with deep industry experience and software solutions that provide demonstrable ROI to customers.
“Slope is the perfect example of our investment thesis. Andy has felt the pain of using legacy software as an actuary himself, and along with Taylor created a solution that is better, faster, and cheaper for other actuaries. As part of our diligence, we spoke with dozens of current and potential customers that have been anxiously waiting for this modern solution in their industry!”
As part of the deal, McLoughlin will join the Slope Software board of directors.
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