GloveBox provides an agency-branded mobile and web app that aggregates policy documents across carriers and gives policyholders features such as paying bills, starting claims, requesting service, getting quotes, and making policy changes. The company targets independent insurance agents, offering a branded self-service portal intended to make agents more scalable while reducing costs and increasing client loyalty. GloveBox says it is already used by hundreds of agencies and hundreds of thousands of policyholders across the United States. Founded in 2019, the leadership team draws on former agency principals' experience to design the product with the policyholder top of mind. Management states it will continue to develop its customer-first technology and grow adoption within the insurtech space. The company recently closed a financing round to support those efforts. GloveBox is a Denver-based insurtech founded in 2019 and launched in 2020 that provides a single sign-on mobile and web platform connecting independent agencies, policyholders, and carriers. The platform centralizes policy documents, enables bill payments, and lets users initiate claims through an easy-to-use mobile and web application. GloveBox's technology is designed to increase customer satisfaction, reduce service inquiries, and lower service costs so agencies run more efficiently and profitably. Since its March 2020 launch the company has signed up over 100 agencies and is averaging five new entities per week. Management plans to use new funding to expand features and enhance functionality to reach more agency partners faster and more efficiently. The company aims to become the premier customer-interfacing solution for independent agents across the insurance lifecycle.

Total raised

$9M

Funding rounds

2

Latest round

Series A

Latest activity

Jul 2022