Slice Labs gets backing from Munich Re

Slice Labs is getting the thumbs up from German insurance heavyweight Munich Re with the firm’s venture arm investing in the insurtech startup.

The size of the round is undisclosed.

The funding follows the partnership between Munich Re/HSB Ventures and the New York-based startup.

Slice Labs offer on-demand insurance for short periods tailored to wards sharing economy and on-demand service workers.

Slice CEO Tim Attia said, “This investment and key partnership gives us additional resources to expand quickly and strategically into the market and to deliver on our vision globally.”

The company previously raised $3.9m in a round led by Horizon Ventures and XL Innovate.

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