Slice Labs Inc., a NYC-based insurtech startup launching an on-demand insurance platform to support the on-demand economy, secured USD$3.9m in seed funding.
The round was led by Horizons Ventures and XL Innovate.
The company will use the funds to launch its first products.
Led by Tim Attia, CEO and co-founder, Slice provides an on-demand insurance platform that allows participants to purchase insurance when they need it. The company’s first product launched on the platform will be a proprietary pay-per-use policy for Uber and Lyft drivers that covers the driver from the time they turn on the rideshare app until they turn it off.
Slice is currently licensed to conduct business in CA, CT, IA, IL, PA, TX, and WA.