Slice Labs Inc., a startup that plans to operate anon-demand insurance platform, said March 29 that it secured $3.9 million inseed funding led by Horizons Ventures, a private investment fund, and XLInnovate, a venture capital fund associated with .

Slice's first product will be a pay-per-use policy for Uberand Lyft drivers that covers the driver while using their respective rideshare app.Slice is headquartered in New York City and is licensed to conduct business inCalifornia, Connecticut, Iowa, Illinois, Pennsylvania, Texas and Washington.