XL Innovate co-led an $11.6m round for the cloud insurance platform that included Sompo Japan and Munich Re/HSB Ventures, and which will fund geographic growth.
US-based on-demand insurance provider Slice Labs has secured $11.6m in a series A round led by XL Innovate, the venture capital firm funded by insurance and reinsurance firm XL Catlin.
The round included insurance firm Sompo Japan and Munich Re/HSB Ventures, the corporate venturing arm of reinsurer Munich Re, as well as tech-focused political strategy firm Tusk Ventures, VC firm Horizons Ventures and accelerator Plug and Play.
Founded in 2015, Slice has developed a cloud-based insurance platform that provides pay-per-use…
