Optalix closed $3M funding round

Optalitix, a specialist finance and insurance software provider, secured US$3 million in a follow-on fundraising round. The investment was led by existing investor Calculus Capital, with participation from 24 Haymarket and other investors. This latest funding brings the total capital raised by Optalitix to US$8 million.

The proceeds from this funding round will be used to accelerate product innovation and support the execution of Optalitix's expansion plans. Optalitix provides software products that help businesses, particularly in the insurance and banking sectors, to improve underwriting performance, drive operational efficiency, and support business development through digital transformation. Their key offerings include Optalitix Models, which converts Excel models into cloud-hosted systems; Optalitix Quote, a digital pricing and underwriting workbench; and Optalitix Originate, a cloud-lending platform.