Slope Software raises $2 million

Atlanta-based Slope Software announced a $2 million investment led by Tech Square Ventures. Tech Square will be joined in the round by Alerion Ventures and Charlotte Angel Fund, with significant participation from existing investor Cofounders Capital.

Established in 2016, SLOPE looks to help actuaries build and analyze complex financial models in a fraction of the time using only a web browser. “Slope is a 100% cloud-native actuarial modeling ecosystem that merges multiple disparate processes into a single unified platform. Slope reduces the labor required at every step, eliminates IT overhead, and provides seamless access to data analysis which empowers teams to develop insights and build value quickly and efficiently. Slope has achieved proven success with its innovative solution, delivering as much as 95% efficiency gains to its customers.”

“We are excited to partner with Slope to drive adoption of its unique modeling platform in this large, worldwide market. The Company has seen significant growth in both customers and pipeline, and we believe that Slope can become a leader of the future for this market.” – Vasant Kamath, a General Partner at Tech Square Ventures.

“It is time for the insurance sector to embrace new technology and methods in its actuarial work. With the support of our investors, Slope is well positioned to transform the way actuarial work is performed across the industry.” – Andy Smith, Co-Founder and CEO of Slope.

Slope simplifies and streamlines actuarial operations workflows across a wide range of use cases, including reserve calculations, product pricing, asset-liability management, embedded value, and capital projections.