202208 Nov

Series A Announcement

Summary

Digital Insurance Agency Ensures Small Businesses Always Have the Right Coverage at Lower CostSAN FRANCISCO Nov. 8, 2022 Glow, the digital insurance agency for small businesses, announced that it has closed a $22.5 million round of series A financing led by Cota Capital. Glow uses data to ensure that a business is maintaining the correct coverage for all their insurance needs at a lower cost, not just when they purchase, but every year. Its consolidated and convenient, and it helps the small business bottom line.Glow technology matches companies with carriers that best meet their needs, then offers policies that are a better fit at the exact time they need it, at lower costs, with less paperwork.Our goal is to take care of all small business insurance needs, because insurance provides the peace of mind to pursue your dreams, said Samad Wahedi, CEO and founder of Glow. These agents often have a blunt-instrument approach to insurance, quoting policies that may not be the best fit for the company based on very few details about the business and its employees. Glow uses technology to look more deeply at data like job codes that can more accurately reflect the risk of a business.

Source: Glow

Funding

$22.5M
Amount
Nov 08 2022
Date
-
Investor
Glow
Company

Classifications

Companies