Slide, an insurtech company based in Tampa, announced it is closing its oversubscribed, $100 million Series A fundraising round.
Slide uses data, artificial intelligence and machine learning to let homeowners create insurance policies, and the fundraising will help the firm expand its development, Slide officials said in a news release.
The company is headed by CEO Bruce Lucas, who previously founded Heritage Insurance, which grew into a super-regional insurer serving 15 states, the company said. The Slide fundraising round was led by Gries Investment Funds and Tampa Bay Ventures. Skyway Capital Markets served as placement agent.
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