Slide Insurance secures $35 million credit facility

Slide Insurance, the home insurance company that began operations last year, announced the closing of a $35 million senior credit facility with Regions Bank.

In 2021, Slide raised $105 million in Series A funding.

The insurance company is mainly active in Florida, but it also provides coverage in South Carolina. In 2022, Slide recorded $482 million in direct written premiums.

“Securing the capital structure to support our technology development and growth has been a key focus since our inception. Our startup year has been exceptional. We appreciate the opportunity to collaborate with Regions Bank on our inaugural credit facility that enhances our financial position and growth objectives.” – Slide founder and CEO, Bruce Lucas.