Slide, a Tampa, Florida-based homeowners insurtech, that uses datasets to power new advances in artificial intelligence and machine learning for homeowners, closed a $100 million Series A funding round that will accelerate the already fast-growing startup’s capabilities.
The round was led by Tampa-based private equity firm Gries Investment Funds and venture capital firm TampaBay.Ventures. Skyway Capital Markets served as advisor.
The funding round started several months ago, and within weeks it quickly reached over $50 million. The $100 million raised will allow Slide to accelerate the development of its data-driven technology and operations.
Company: Slide Insurance Holdings, Inc.
Raised: $100.0M
Round: Series A
Funding Month: November 2021
Lead Investors: Gries Investment Funds and TampaBay.Ventures
Additional Investors:
Company Website: https://slideinsurance.com/
Software Category: Data-driven platform
About the Company: Slide is a full-stack insurtech that make it easy for modern consumers to choose the right coverages for their need and unique budgets. Slide’s technology leverages a dataset to power new advances in artificial intelligence and machine learning for modern homeowners, who can create bespoke insurance policies that fit their needs and budget. Today, Slide has a team of 15 employees, including data scientists that Lucas considers to be the best of the best.
Source: https://stpetecatalyst.com/tampa-insurance-tech-startup-raises-100m-in-series-a-funding-round/