# GloveBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/glovebox

- Industry: Software
- Headquarters: Englewood, US
- Website: www.gloveboxapp.com
- Total disclosed funding: $11M
- Latest round: Series A (Jul 5, 2022)
- Investors on record: 4

## About

GloveBox, Inc. is a client servicing platform designed for insurance agencies, focusing on streamlining customer interactions and enhancing service efficiency through innovative technology solutions.Founded in 2018 and headquartered in Englewood, US, GloveBox, Inc. specializes in providing a client servicing platform for insurance agencies. The company has undergone growth in its operational strategy and has secured a total of USD 8.4 mn in Series A funding, led by BIP Ventures with participation from Heffernan Insurance Brokers. The company has completed three funding deals, with the latest round concluding on July 5, 2022. The founders, Adam Casinelli, Andy Mathisen, and Ryan Mathisen, have previously engaged in various ventures prior to establishing GloveBox.GloveBox is a modern client servicing platform designed specifically for insurance agencies. It streamlines routine client requests and enhances the customer experience through features such as PolicyAssist™, which pre-fills client data for efficient policy servicing, and simplifies certificate management. The platform also includes an embedded marketplace for quoting various lines of business directly from the client portal and real-time ROI tracking via an integrated analytics dashboard. Targeted primarily at independent property and casualty insurance agencies in the US, GloveBox provides solutions that cater to agency staff and insurance consumers alike, aiding agencies in managing client relationships effectively.GloveBox's revenue model is based on subscription services offered to insurance agencies. The structured transactions include comprehensive onboarding and training support to enhance platform adoption among agency staff. Subscription plans provide access to core features like PolicyAssist™, certificate management, and the embedded marketplace. This approach is designed to enhance agency efficiency and profitability, allowing insurers to manage customer interactions more effectively while generating new referrals without unnecessary client intervention.Following the Series A funding of USD 8.4 mn in July 2022, GloveBox plans to utilize these funds to further develop its technology, aimed at helping the independent insurance channel attract and retain customers more effectively and efficiently. The company is focused on expanding its offerings with new product features to enhance client engagement and service delivery. GloveBox is also exploring opportunities for expansion into additional geographic markets, targeting regions that present a significant demand for its services.

## Funding rounds

- Series A, Jul 5, 2022, $8.4M — BIP Ventures, Heffernan Insurance Brokers
- Seed, Mar 12, 2021, $3M — Mercato, Heffernan Insurance Brokers, Inc.

## Investors

- Mercato (https://capitalatlas.ai/funds/mercato) — Seed
- Heffernan Insurance Brokers, Inc. — Seed
- BIP Ventures (https://capitalatlas.ai/funds/bip-ventures) — Series A
- Heffernan Insurance Brokers — Series A