Slice raises $7 million Seed round for AI-powered equity compliance platform
Slice raises $7 million Seed round for AI-powered equity compliance platform
The Israeli startup’s platform automatically ensures that all global equity operations are compliant and tax-optimized to maximize and protect the benefits of equity plans, both for employers and employees
Slice, which has developed a global equity platform utilizing AI for continuous compliance, announced on Wednesday that it has raised a $7 million Seed funding round led by TLV Partners, with participation from R-Squared Ventures, Jibe Ventures, leading international law firms Wilson Sonsini, Fenwick & West and notable angel investors.
Slice’s mission is to help CFOs and companies issue and manage equity to their international employees while navigating the complexity of ever-changing regulations and tax codes across multiple jurisdictions simultaneously and at scale. The AI-powered platform automatically ensures that all global equity operations are compliant and tax-optimized to maximize and protect the benefits of equity plans, both for employers and employees.
Slice was co-founded by Maor Levran (CEO), a lawyer repeatedly ranked as Top Tech Attorney by The Legal 500, Aviram Berg, (CTO), a data scientist, engineer and entrepreneur formerly of Dataloop, and the Weizmann Institute of Science, and Yoel Amir (CPO), an AI product management executive formerly at Salesforce, Google and two acquired startups.
“Having spent 13 years as a corporate lawyer, I saw companies struggle to grant and manage equity to their international employees. I recognized the almost impossible task they faced of understanding and applying the complex and constantly changing law and tax regulations in various countries, and know of individual fines reaching well over $200K due to mistakes being made,” says co-founder and CEO Maor Levran. “We’ve built a co-pilot for CFOs for equity management that is capable of handling months of complex work they’d normally request from local lawyers and tax advisors in a matter of minutes. This equates to a substantial saving on time and costs, and also helps avoid distress employees may experience over potential penalties.”
Slices’s platform currently supports 23 countries, including the U.S., UK, France, India, Australia, The Netherlands, Switzerland, Japan and Brazil. The company plans to scale to over 100 countries by the end of 2024.
