# Slice Insurance Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/slice-insurance-technologies

- Industry: Internet
- Headquarters: New York, US
- Website: www.slice.is
- Total disclosed funding: $36M
- Latest round: Series A (Sep 26, 2018)
- Investors on record: 8

## About

Slice Insurance Technologies Inc. is a digital insurance platform revolutionizing the insurance market with real-time quoting, automation, and policy management for small to midsize businesses.Founded in 2015 and headquartered in New York, US, Slice Insurance Technologies Inc. offers data-driven insurance solutions. The company raised USD 20.00 mn in Series A funding on September 26, 2018, led by The Co-operators Group Limited, with participation from investors like JetBlue Technology Ventures and Munich Re Ventures. Slice has completed 4 deals to date, reflecting its growth and focus on B2B insurance services.Slice Insurance primarily offers a digital-first platform designed to modernize the insurance marketplace through real-time quoting, automation, and seamless policy management. Their core offerings focus on providing data-driven insurance solutions tailored for small to midsize businesses across various industries including contractors, commercial real estate, hospitality, retail, and manufacturing. The platform utilizes advanced technologies such as artificial intelligence, machine learning, and behavioral science to enhance user experience and streamline the insurance process from quote generation to policy binding. Slice Insurance specifically caters to independent agents and distributors, enabling them to access and manage quotes effortlessly in a flexible, online environment. The geographical markets served by Slice include the United States, with particular emphasis on urban areas where small businesses are concentrated.Slice Insurance operates on a transaction-based revenue model predominantly structured around business-to-business (B2B) interactions with agents and distributors. Clients engage with the platform to obtain insurance quotes, which can be customized according to the needs of their end users. Revenue is generated through the binding of policies, where agents can facilitate the insurance process for their customers using Slice’s comprehensive digital tools. The company’s flagship products include Contractors GL for small businesses and mid-market offerings, as well as specialized options such as Environmental Overview and Excess Casualty coverage. While specific pricing details are not disclosed, Slice's platform is built to ensure a transparent and efficient insurance process, thereby enhancing client satisfaction and retention.Looking ahead, Slice Insurance Technologies Inc. plans to launch new products designed to further enhance their service offerings. The company aims to expand into additional markets within the United States, particularly targeting urban areas with a growing number of small businesses. The recent Series A funding of USD 20.00 mn will be utilized to support product development and market expansion initiatives, ensuring that Slice continues to provide innovative solutions to its clients.

## Funding rounds

- Series A, Sep 26, 2018, $20M — Horizons Ventures, XL Innovate, SKY VC, Munich Re Ventures, Veronorte, The Co-operators Group Limited, Sompo Japan Nipponkoa Insurance
- Series A, Oct 5, 2017, $12M — Plug and Play, Horizons Ventures, XL Innovate, Munich Re Ventures, Sompo Japan Nipponkoa Insurance
- Seed, Mar 29, 2016, $3.9M — Horizons Ventures, XL Innovate

## Investors

- Horizons Ventures — Seed, Series A
- XL Innovate (https://capitalatlas.ai/funds/xl-innovate) — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series A
- Sompo Japan Nipponkoa Insurance — Series A
- SKY VC (https://capitalatlas.ai/funds/sky-vc) — Series A
- Veronorte (https://capitalatlas.ai/funds/veronorte) — Series A
- The Co-operators Group Limited — Series A