Overview

Glow.co provides a modern solution for Workers' Compensation and accident insurance, focusing on small to medium-sized businesses. Their product offers comprehensive financial support to employees who suffer injuries, whether at work or in their personal lives, without raising the employer's premium costs. Glow.co's insurance covers employees both on and off the job, ensuring they are protected regardless of where an injury occurs. The company operates with a tech-driven model that reduces administrative costs, allowing them to offer more coverage for less money compared to traditional insurance providers. Additionally, Glow.co assists injured employees through the claims process, providing cash benefits during hospitalization and support when they return to work. The goal of Glow.co is to provide hassle-free, cost-effective insurance solutions that prioritize employee well-being while managing costs for employers.

Simplify's Take

What believers are saying

• Glow raised $22.5 million in Series A funding to expand its offerings.
• Integration of wearable tech allows Glow to offer personalized premiums based on health data.
• Growing demand for mental health coverage aligns with Glow's holistic insurance approach.

What critics are saying

• Increased competition from tech-driven startups may pressure Glow's market share.
• Potential regulatory changes in California could impact Glow's business model.
• Dependence on Chubb for underwriting poses a risk if partnership terms change.

What makes Glow unique

• Glow offers dual coverage for work and personal injuries, unlike traditional insurers.
• The company uses a tech-driven approach to reduce administrative costs and offer savings.
• Glow provides guided care, assisting employees through the claims process efficiently.

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Funding

Total Funding

$41.5M

Above

Industry Average

Funded Over

2 Rounds

$22,500,000

Series A

Nov 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$22.5M

$30M

View all funding stages