Slide Insurance, a Tampa-headquartered insurtech focused on homeowners insurance, announced the closing of a $35 million senior credit facility with Regions Bank.
The credit facility builds on the funding Slide secured in its $105 million venture-back series A round which closed in November 2021.
“Securing the capital structure to support our technology development and growth has been a key focus since our inception,” said Slide founder and CEO, Bruce Lucas. “Our start-up year has been exceptional. We appreciate the opportunity to collaborate with Regions Bank on our inaugural credit facility that enhances our financial position and growth objectives.”
“Regions has a long track record of success with growth-oriented companies in the property and casualty insurance industry,” said Leo Loughead, head of the Financial Services Group at Regions. “Our work with Slide is a prime example of our team’s ability to deliver tailored capital and advisory solutions in a manner that maximizes client outcomes. Regions is proud to be working with Slide and looks forward to collaborating in the future.”
