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DENVER, March 12, 2021 /PRNewswire/
GloveBox, a single sign-on mobile platform that brings together insurance agencies, policyholders, and carriers onto one platform, today announced a $3 million early-stage investment. The round was led by Mercato Partner s Prelude Fund, with participation from Heffernan Insurance Brokers, a top 20 agency out of California, as well as other industry veterans. The investment will be used to expand features and enhance the functionality of GloveBox s product, benefiting both agencies and policyholders.
Co-founders Ryan and Andy Mathisen, Sean Mulhern, and Alex Rolex created GloveBox based on their experiences at Colorado Insurance. They set out to provide a completely tech-forward mobile marketplace that enables independent agencies to win against larger, incumbent carriers.
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SALT LAKE CITY, March 12, 2021 /PRNewswire/ Prelude, the venture fund at Mercato Partners, today announced leading a $3 million early investment round for GloveBox, an innovator in the mobile insurtech marketplace. Additional participants in the round include Heffernan Insurance Brokers, a top 20 agency out of California, and other industry partners. The investment will enhance and expand the platform for both agencies and policyholders. We re excited to partner with GloveBox because of their ability to solve a complicated problem in the insurance industry, said Zach Sivertson, managing director at Prelude. The GloveBox team understood the challenges facing this market and, from their experience, built a platform that elegantly solves the problems facing the 36,000 independent agencies and their clients.