What is Slice?
Slice Labs is a forward-thinking technology company dedicated to transforming the insurance landscape. With a global presence spanning the USA, Canada, and the UK, and a team of over 75 professionals, Slice leverages technology to offer insurance solutions in a novel manner. The company's commitment to innovation positions it as a key player in the insurtech space, aiming to redefine how insurance products are developed, distributed, and consumed.
How much funding has Slice raised?
Slice has raised a total of $15.5M across 2 funding rounds:
Angel/Seed
$3.9M
Series A
$11.6M
Angel/Seed (2016): $3.9M with participation from Horizons Ventures
Series A (2017): $11.6M led by Munich Re, XL Innovate, Tusk Ventures, Plug and Play, Horizons Ventures, and SOMPO
Key Investors in Slice
Munich Re
Munich Re is a global leader in reinsurance and risk solutions, offering comprehensive coverage and innovative financial protection. Known for its expertise in risk assessment and digital transformation, Munich Re combines deep knowledge with customer-focused solutions.
XL Innovate
XL Innovate is a venture capital fund that invests in companies addressing complex risks with new technologies for the insurance industry, providing capital and industry expertise.
Tusk Ventures
Tusk Ventures operates within the Financial Services industry, focusing on companies that align with its investment thesis, likely including innovative fintech and insurtech ventures.
What's next for Slice?
The substantial enterprise-level funding and recent strategic investment indicate that Slice is poised for significant expansion and further technological development. This capital infusion will likely fuel the company's efforts to scale its operations, enhance its product offerings, and potentially explore new market segments. The backing from prominent investors suggests a strategic focus on solidifying its market position and driving innovation within the insurance technology industry.
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