Optalitix raises $3 million

London-based software provider Optalitix has raised $3 million in funding led by Calculus Capital, bringing its total funding to $8 million.

Founded in 2013, Optalitix offers three main products: a tool to convert Excel models into cloud-hosted systems, a digital platform for pricing and underwriting, and a cloud-based lending platform to streamline loan processes.

The company serves clients in the UK and globally, including S&P Global, Go.Compare, Lloyd’s, Hampden Risk Partners, Pool Re, and YuLife.

“Optalitix is perfectly positioned in a market where digital transformation is driving more effective pricing and underwriting. Targeting a vast global market, the company is backed by an exceptional management team that combines deep knowledge and understanding of the insurance industry with extensive commercial expertise in software engineering. We are thrilled to collaborate with them to help the next stage of their development.” – Alexander Crawford, Co-Head of Investments at Calculus.

“Our products offer a best-of-breed solution with fast implementation, enhanced workflow, and seamless integration into existing frameworks utilizing existing models. This has already proved invaluable to the success of our cross-sector clients. Now, with further support from Calculus and our other investors, we’re excited to expand our capabilities to reach a broader user base with an enhanced offering, in the future.” – Jonathan Shapiro, co- founder and director of Optalitix.