GloveBox, a client experience platform for insurance agents and carriers, has raised $5.5m in Series A funding.
The round was led by Panoramic Ventures with follow-on participation from Heffernan Insurance Brokers and a top tier insurance carrier.
Founded in 2019, Denver-based GloveBox provides a platform that delivers a self-service mobile and web app for policyholders, a reactive dashboard for agencies, and a robust system full of carrier and agency management system integrations. The company said the digital experience is greatly enhanced between all three stakeholders: policyholder, agency, and carrier.
GloveBox considers itself the insurance industry’s only client experience platform.
The company said it will use the new funding to further build out its technology which focuses on helping the independent insurance channel attract and retain customers more effectively and efficiently.
Ryan Mathisen, CEO of GloveBox, said, “We began this journey a few years ago with a clear goal of making the customer experience in the independent channel significantly better.
“As former agency principals, our leadership team has lived firsthand the problems that are being solved by our platform. Seeing the impact GloveBox has already made for hundreds of agencies and hundreds of thousands of policyholders across the United States is what drives us to push the boundaries of our innovations. By developing technology with the policyholder top of mind, GloveBox has been able to shift the way the industry thinks about client experience. To us, it’s not just a buzzword but an absolute necessity to the channel’s future success. We will relentlessly pursue this initiative in partnership with our new and current investors.”
GloveBox raised $3m in a funding round back in March 2021, saying at the time it hoped to expand features and enhance the functionality of its products.
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