XL Innovate leads $11.6mn Slice funding round

InsurTech start-up Slice has raised $11.6mn in Series A financing
led by XL Innovate.
Alongside the XL Catlin-owned investor, other Slice backers were
Horizons Ventures, Munich Re/ HSB Ventures, Sompo, Plug and Play,
and Tusk Ventures.
Slice said it would use the proceeds to expand its product into
new jurisdictions and new product areas. The on-demand, pay-per-use
insurance provider added that it wants to offer the cloud-based
system directly to large carriers globally.
Slice launched in Octobe