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Open logo — Embedded insurance for the largest and fastest-growing brand...

Open

Embedded insurance for the largest and fastest-growing brands in Australia, New Zealand and the UK.

Founded 2016 Australia Australia 142 employees Series B Total: $58.85M Financial Services, Fintech +2

General Information

Company Name Open
Founded Year 2016
Location Australia Australia
Employees 142
Industries Financial Services, Fintech, Insurance +1
Funding Stage Series B
Social

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About Open

Open is an insurtech startup founded in 2016 and headquartered in Australia. The company aims to provide embedded insurance for the largest and fastest-growing brands in Australia, New Zealand, and the UK, positioning itself as the car, home, and travel insurance partner for these brands. With a focus on the financial services, fintech, and insurance industries, Open secured a significant $31.00M Series B investment on 30 August 2021, with participation from prominent investors including Airtree Ventures, Five V Capital, Seven West Media, Movac, Latitude, and Hollard Insurance. The startup's ability to attract such notable investment signifies a strong potential for growth and innovation in the embedded insurance sector.

Taxonomy: embedded insurance, data-driven insurance, partnerships, car insurance, home insurance, travel insurance, landlords insurance, cyber insurance, life insurance, data-rich brands, Bupa, Polestar, Telstra, startup, insurtech

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $31.00M 6
Airtree Ventures Five V Capital Seven West Media
Airtree Ventures, Five V Capital +4
30 Aug 2021
Series A $3.10M -
14 Aug 2020
Series A $19.25M 4
Airtree Ventures Alium Capital Seven West Media
Airtree Ventures, Alium Capital +2
28 Nov 2018
Seed Round $5.50M -
21 Jun 2016

Open Alternatives & Competitors

Open vs
Chill
Chill Ireland

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377 employees
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Open vs
HL Assurance
HL Assurance Singapore

Providing comprehensive insurance solutions for every aspect of life, from personal accidents and ca...

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Open vs
Trellis
Trellis United States

Empowering FIs, fintechs, insurers, and other innovators to deliver industry-leading embedded insura...

Venture round
128 employees
Information Technology, Insurance

FAQ About Open

Embedded insurance for the largest and fastest-growing brands in Australia, New Zealand and the UK.
Open was founded in 2016.
Open is headquartered in Australia.
Open operates in Financial Services, Fintech, Insurance and Insurtech. Its work centres on embedded insurance, data-driven insurance, partnerships and car insurance.
Open has approximately 142 employees.
Open has completed 4 funding rounds, raising a total of $58.85M. The latest funding stage is Series B.
Top alternatives and competitors to Open include Chill, HL Assurance, Trellis, Probus Insurance Broker Private Limited, Companjon. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Open and Chill are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Open, https://bouncewatch.com/company/open-2, updated 31 December 2024. When citing, please name BounceWatch and link this page.

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