GloveBox

GloveBox

The self-service platform for policyholders in the independent insurance channel. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD30—45m (Dealroom.co estimates Jul 2022.)
Denver Colorado (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202120222023
Revenues<1m2.9m2.9m
% growth-480 %-
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DateInvestorsAmountRound
-

N/A

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$150k

Seed

$3.0m

Early VC
*

$5.5m

Series A
Total FundingCAD11.8m

Recent News about GloveBox

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More about GloveBoxinfo icon
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GloveBox is a digital platform designed to empower insurance agents and policyholders. It operates in the insurance market, serving over 500 agencies, and is designed to simplify workflows and enhance customer engagement. The platform offers a hybrid model, combining traditional insurance services with digital capabilities to provide a seamless and efficient service.

GloveBox's business model is centered around providing a no-code platform that allows insurance agencies to integrate their existing technologies and data. This means that agencies can easily plug in their current systems and use the platform to optimize their performance. The platform also offers digital self-service for all lines of business, both personal and commercial, providing clients with the convenience and ease of managing their insurance policies digitally.

The company generates revenue through a subscription-based model. The cost of the subscription is determined by the customer count of the agency. The subscription includes unlimited agency seats, users, document storage, and referrals. It also includes a mobile application available on iOS and Android, a web application, active policy monitoring, and a branded mobile application icon.

GloveBox's value proposition lies in its ability to decrease service burden for agencies while increasing referrals and enhancing client experiences. By providing a platform that simplifies insurance management, it enables agencies to focus on growth and customer satisfaction. The platform also has the potential to increase referrals, as satisfied customers are more likely to recommend the service to others.

Keywords: Insurance, Digital Platform, Customer Engagement, No-Code Platform, Self-Service, Subscription-Based Model, Mobile Application, Workflow Simplification, Customer Satisfaction, Referrals.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.