Slope, an Atlanta-based software as a service company, announced earlier this week it raised $1 million through its latest seed funding round, which was led by tech venture fund Cofounders Capital. Founded in 2015, Slope described itself as an actuarial financial projection modeling software company, designed using modern thinking that breaks through all the limitations of traditional financial modeling software.
“[Slope] uses an easy, point-and-click interface to create variables, build models, and stack assumptions–pulling data from regular spreadsheets or text files and outputting fully customizable reports right in the program.”
Speaking about the investment, Tim McLoughlin, Partner at Cofounders Capital and will be joining Slope’s Board of Directors:
“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.”
McLoughlin then added:
“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!”
The funding will be used to continue the growth and development of the Slope software.