Israeli tech start-up, Slice, has recently raised $7 million in a seed funding round. Known for its global equity platform that ensures legal compliance, Slice gained funds from powerhouses such as TLV Partners, R-Squared Ventures, Jibe Ventures, leading international law firms, and prominent angel investors.
This funding signifies a significant stride for Slice, demonstrating its strong potential within the worldwide tech industry. The firm plans to use the newly acquired funds to improve its core offerings, expand the platform’s reach, enhance functionality, and increase efforts to offer an outstanding user experience.
Slice offers a unique AI-based platform that aids CFOs and corporations in managing and distributing equity to their globally scattered employees efficiently.
The platform simplifies the typically complex process of global equity management by allowing real-time visibility into equity distribution, reducing operational risks, and ensuring seamless international transactions.
The founders of Slice, Maor Levran, Aviram Berg, and Yoel Amir, developed the platform using blockchain technology to ease the challenges organizations face in managing and issuing equity across borders.
In essence, Slice, due to its blockchain engineering, helps businesses distribute and manage shares effortlessly while conforming with international laws and tax regulations.
Slice’s platform was specifically created to ease such complexities, with an aim to save significant time, money for enterprises, and mitigate the potential risk of imposing penalties on their workers.
Currently operating successfully in 23 countries, including the U.S, UK, France, India, Australia, The Netherlands, Switzerland, Japan, and Brazil, Slice aspires to extend its services to over 100 countries by the end of 2024.
