Slice Funding: How Much Did They Raise & Key Investors

How Much Did Slice Raise?
Funding & Key Investors

Slice, a prominent player in the insurance technology sector, has successfully secured significant capital to bolster its market position. The company's financial trajectory is marked by a total funding amount of $15.5M, reflecting strong investor confidence in its digital-first approach to risk management. This recent funding amount of $11.6M represents a major strategic investment, positioning the firm to accelerate its operational scaling and product development initiatives within the competitive New York City fintech landscape.

The company has demonstrated a clear growth trajectory, moving from its initial seed-stage backing to a more robust Series A financing round. This progression underscores the firm's ability to execute on its core mission while attracting high-caliber institutional partners who specialize in the intersection of insurance and emerging technology.

What is Slice?

Slice

Insurance

Slice Labs Inc operates at the forefront of the insurance industry, leveraging advanced technology to redefine how risk is assessed and managed. By providing digital-first insurance solutions, the company addresses the evolving needs of modern businesses and individuals. With a team of 20 to 49 professionals and a revenue profile between 5M and 10M, Slice has established itself as a critical innovator in the insurtech space. Its headquarters in New York City serves as a hub for its efforts to integrate sophisticated data analytics with traditional insurance frameworks, effectively bridging the gap between legacy systems and the demands of the digital economy.

How much funding has Slice raised?

Slice has raised a total of $15.5M across 2 funding rounds:

2016

Angel/Seed

$3.9M

2017

Series A

$11.6M

Angel/Seed (2016): $3.9M with participation from Horizons Ventures

Series A (2017): $11.6M led by XL Innovate, Munich Re, Tusk Ventures, Plug and Play, SOMPO, and Horizons Ventures

Key Investors in Slice

XL Innovate

XL Innovate is a venture capital fund focused on investing in companies that address the world's most complex risks with new technologies and products for the insurance industry.

Munich Re

Munich Re is a global leader in reinsurance and risk solutions, known for its expertise in risk assessment and digital transformation within the financial protection sector.

Horizons Ventures

Horizons Ventures is an active investment firm that has been helping entrepreneurs turn startup ventures into successful companies for over 20 years.

What's next for Slice?

With the infusion of this latest capital, Slice is well-positioned to deepen its market penetration and refine its technological infrastructure. The strategic focus will likely shift toward expanding its product suite and enhancing its digital distribution capabilities. By leveraging the expertise of its diverse investor base, the company is poised to navigate the complexities of the global insurance market, potentially scaling its operations to meet the increasing demand for agile, on-demand risk protection. The firm's ability to maintain its momentum will be critical as it seeks to solidify its status as a leader in the insurtech ecosystem.

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