Slice bags $36.1m in series A funding round

Start-up protecting investment

US-based insurtech Slice has raised an additional $20m in its series A round.

The extra investment injection means the on-demand firm has raised $36.1m in the round, which was led by Canadian insurance co-operative The Co-operators. Also participating were XL Innovate, Munich Re and HSB Ventures, Sompo, Grupo Sure investment arm Veronorte and Jetblue Technology Ventures.

Slice CEO Tim Attia said: “This exceptional bench of new and returning investors will be a tremendous asset as we continue scaling our business and experimenting with the unmatched potential of digital insurance.”

Slice uses cloud technology to provide on-demand insurance. Current products include homeshare and rideshare, while it is understood that it is working on a cyber offering.

It will use the raise to expand further on a global scale, having partnered with Legal and General in the UK.

Attia has previously indicated to Post that following UK expansion, the firm will look to further its reach in Europe.

  • LinkedIn  
  • Save this article
  • Print this page  

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: