Lineslip Solutions raises $5.6 million
According to Crunchbase data, New York-based Lineslip Solutions closed a $5.6 million funding round.
Founded in 2015, the startup (a team of ~40) offers a software called Commercial Insurance Risk Intelligence (CIRI) that converts program documents to dashboards.
More recently the company launched a product update that gives commercial real estate asset managers a centralized dashboard through which they can understand, manage, and report on their insurance programs more effectively. The dashboard visualizes policy retentions, limits, premium expenditures, renewal schedules, mid-term program adjustments, significant portfolio changes (i.e., acquisitions, dispositions, changes in utilization, etc.), and current occupancy. These insights can be used to pinpoint cost drivers, identify and prioritize opportunities for risk control, and evaluate insurance program modification.
Pricing starts at $35k/year.