Slope Software raises $1 million to scale actuarial modeling platform

Atlanta-based Slope Software announced it has raised a $1 million seed round investment led by tech venture fund Cofounders Capital in Cary, NC.

Established in 2016 and led by CEO Andy Smith, SLOPE looks to help actuaries build and analyze complex financial models in a fraction of the time using only a web browser. “Slope’s approach has brought a more intuitive, more powerful, and more secure platform onto the market than was previously available, built from the ground up to operate entirely in the cloud.  By implementing automated data management, an intuitive interface, and integrated reporting, Slope aims to allow actuaries to perform their critically important analysis in a fraction of the time by reducing time-consuming tasks that are prone to human error.”

“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!” – Tim McLoughlin, Partner at Cofounders Capital.