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Announced

Completed

Cota Capital led a $22 Series A round in Glow.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Domestic

Acquisition

financial services

Single Bidder

insurtech

Friendly

Private Equity

insurance

Private

Insurance Brokers

Venture Capital

Minority

United States

Synopsis

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Cota Capital, an investment company, led a $22 Series A round in Glow, a digital insurance agency, with participation from AV8 Ventures, Markd, Startup Venture Capital and Maiden Re. “Glow is changing the landscape for small business insurance. Small business insurance is a $100bn market, and it’s underserved and underinsured. Glow’s approach has all the elements the industry needs to bring small businesses into the new era of digital insurance. It offers the platform small businesses are moving toward. It’s consolidated and convenient, and it helps the small business bottom line,” Ben Malka, Cota Capital Partner.

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