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Slope Software provides an actuarial modeling platform designed to enhance financial analysis and risk management within the insurance industry. Its core offering facilitates the creation of transparent models, empowering users to develop impactful analyses and manage complex financial risks more efficiently. The platform integrates various tools, aiming to streamline actuarial processes into a unified, all-in-one solution.
The company was founded by an actuary and a technologist, who recognized a market need for a more advanced and user-friendly actuarial system. Their combined expertise informed the development of a platform that addresses the specific demands and workflow challenges faced by professionals in the field, moving beyond traditional, often cumbersome, legacy systems.
Slope Software serves actuaries globally, equipping them with the necessary tools to perform their work with greater speed and accuracy. The company's long-term vision centers on continuously evolving its platform to meet the dynamic requirements of the actuarial profession, thereby enabling practitioners to deliver deeper insights and navigate an increasingly complex financial landscape with confidence.
Slope Software has raised $5.0M across 3 funding rounds.
Slope Software has raised $5.0M in total across 3 funding rounds.
Slope Software has raised $5.0M across 3 funding rounds. Most recently, it raised $2.0M Other Equity in August 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 30, 2021 | $2M Venture Round | Tech Square Ventures | Alerion Ventures, Charlotte Angel Fund, Cofounders Capital | Announced |
| Aug 1, 2021 | $2M Seed | Tech Square Ventures | Alerion Ventures, Charlotte Angel Fund, Cofounders Capital | Announced |
| Jan 29, 2020 | $1M Seed | TIM Mcloughlin | — | Announced |
Slope Software has raised $5.0M in total across 3 funding rounds.
Slope Software's investors include Tech Square Ventures, Alerion Ventures, Charlotte Angel Fund, Cofounders Capital, Tim McLoughlin.
Slope Software is a technology company that provides a cloud-native actuarial modeling platform designed to simplify and accelerate complex financial projections for actuaries and financial professionals. Its platform features a point-and-click, code-free interface that integrates data from spreadsheets and text files, enabling users to build transparent, flexible models and generate customizable reports much faster—up to ten times quicker than traditional tools. The software primarily serves actuaries, managers, and executives in sectors such as life & annuities, pensions, supplemental health, disability, and long-term care insurance, as well as academic institutions offering actuarial science programs[1][3][5].
Slope Software was founded by two brothers-in-law: Andy Smith, an actuarial manager with over 13 years of experience building financial models for top financial institutions, and Taylor Perkins, a programmer with a decade of experience in enterprise software and scaling startups. Their frustration with the limitations and inefficiencies of existing actuarial modeling tools motivated them to create a better, more modern solution. This collaboration of actuarial expertise and software engineering led to the development of Slope’s cloud-native platform, which has since gained traction by addressing key pain points in the actuarial community[2][3].
Slope Software rides the trend of cloud transformation and digital modernization in financial services, particularly in actuarial science, where traditional modeling tools have been cumbersome and slow. The timing is critical as insurers and financial institutions seek faster, more transparent, and collaborative tools to manage risk and comply with increasingly complex regulations. By offering a cloud-native, collaborative platform, Slope is helping to shift actuarial modeling from siloed, desktop-based processes to integrated, scalable ecosystems. This not only improves operational efficiency but also empowers better strategic decision-making across the insurance and pension sectors[1][3][4].
Looking ahead, Slope Software is well-positioned to expand its influence by continuously enhancing its cloud platform with new features and integrations, further accelerating actuarial workflows. The ongoing shift toward cloud adoption and data-driven decision-making in financial services will likely fuel demand for solutions like Slope. As the company evolves, it may broaden its reach into adjacent financial modeling areas or deepen its ecosystem partnerships, strengthening its role as a critical infrastructure provider for actuarial and risk management professionals. Its mission to "uncomplicate risk" aligns with broader industry trends toward transparency, speed, and collaboration, suggesting a promising trajectory in the coming years[3][4].
