GloveBox, a Denver, CO-based single sign-on mobile platform that brings together insurance agencies, policyholders, and carriers, raised $3m in seed funding.
The round was led by Mercato Partner’s Prelude Fund, with participation from Heffernan Insurance Brokers.
The company intends to use the funds to expand features and enhance the functionality of its product, benefiting both agencies and policyholders.
Co-founded by Ryan and Andy Mathisen, Sean Mulhern, and Alex Rolex, GloveBox is an insurtech startup that enables customers to access all policy documents directly from their insurance carrier, pay a bill and initiate a claim through its mobile and web application.
Since its launch in March 2020, the company has signed up over 100 agencies and is averaging five new entities a week.