Slice Labs Inc., provider of an on-demand insurance platform for rideshare and homeshare risks in the U.S., has raised $11.6 million in a series A investment round.

The fundraising round was led by XL Innovate. Horizons Ventures, Munich Re / HSB Ventures, SOMPO, Plug and Play and Tusk Ventures also participated.

Slice Labs secured $3.9 million in seed funding in 2016, led by Horizons Ventures and XL Innovate. The New York City-based company provides its homeshare product in 26 states across the U.S. and plans to have it in all 50 states by the end of the year.

Tim Attia is the CEO of Slice Labs.