Slice Labs Announces Additional Funding from Munich Re/HSB Ventures
Staff Writer | October 04, 2016
Slice Labs, an insurtech startup set to launch an on-demand insurance platform to support the on-demand economy, and Munich Re/HSB Ventures, the corporate venture capital arm of Munich Re, announce their partnership focused on the support and growth of Slice’s upcoming product launch in the U.S.
Since their formal incorporation in October 2015, Slice secured seed funding from Horizons Ventures and XL Innovate, and has now received additional funding from Munich Re. Munich Re’s digital partners group is working with Slice to provide the backing for Slice’s on-demand insurance products globally.
“This investment and key partnership gives us additional resources to expand quickly and strategically into the market and to deliver on our vision globally,” says Slice CEO Tim Attia. “We’re honored to work with a company with such a strong track record of partnering to craft inventive insurance solutions that cover emerging risks posed by technological change.”
“At Munich Re, our vision is to focus on evolving technologies and new insurance solutions for the future,” says Jacqueline LeSage Krause, managing director of Munich Re/HSB Ventures. “In response to the growing risk on-demand workers face in the sharing economy, Slice is providing novel insurance solutions. We are proud to enable Slice to offer these solutions in its first market and quickly expand them to markets around the world.”
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