Glow, a San Francisco, CA-based digital insurance agency for small businesses, raised $22.5M in funding.
The round was led by Cota Capital with participation from AV8 Ventures, Markd, Startup Venture Capital, and Maiden Re.
The company intends to use the funds to further develop its digital insurance platform, which automates the insurance process for small businesses, and expand into more states across the nation, serving small businesses across more vertical industries.
Led by Samad Wahedi, CEO and founder, Glow is a digital insurance agency for small businesses, which uses technology to look more deeply at data like job codes that can reflect the risk of a business. This allows the company to offer a policy that results in a more cost-effective option than local agents typically provide. The platform ensures that a company’s coverage is always up to date, at the lowest possible cost now and a year from now.
The company began by offering workers comp to small businesses in California. Today, thousands of small businesses use it to get the best fit insurance coverage. Glow partners with a number of insurance providers to offer all the commercial insurance lines a small business needs, starting with workers’ compensation and then offering extended coverage to existing customers with an automated and streamlined insurance experience.
FinSMEs
09/11/2022