Slide, a full-stack digital homeowners insurance provider, has secured USD 35 million in a credit facility provided by Regions Bank. The total funds raised by the company following this fundraise round stand at USD 140 million.
The company provides its insurance services mainly in Florida and also provides coverage in South Carolina. In 2022, the company recorded USD 482 million in direct written premiums.
Analyst QuickTake: Slide previously raised USD 100 million in a Series A funding round in November 2022 . The company raised these funds to build out its data-driven technology and expand operations.
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