Openly logo — Premium, straightforward home insurance

Openly

Premium, straightforward home insurance

Founded 2017 United States Boston, United States 343 employees Series Unknown Total: $360.87M Insurance, Insurtech +2

General Information

Company Name Openly
Founded Year 2017
Location United States Boston, United States +1
Employees 343
Industries Insurance, Insurtech, Life insurance +1
Funding Stage Series Unknown
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About Openly

Openly, founded in 2017, is revolutionizing the insurance industry with its premium, straightforward home insurance model. By focusing on delivering exceptional coverage through independent agents, Openly not only offers comprehensive insurance but also emphasizes consumer choice as an essential element of its service. Headquartered in the United States, this company is at the forefront of Insurtech, touching upon Life insurance and Car insurance domains as well.

With its mission to simplify the insurance experience, Openly empowers independent agents to provide outstanding service efficiently. The company recently secured a significant $123.00M Venture Round investment on January 30, 2025, backed by notable investors such as PJC, Obvious Ventures, Advance Venture Partners, Eden Global Partners, Welab Holdings, and Clocktower Technology Ventures. As an investor, Openly represents an innovative and promising opportunity in the rapidly evolving insurance landscape.

Taxonomy: premium home insurance, independent agents, comprehensive coverage, consumer choice, insurance experience, insurtech, insurance service, Boston-based, insurance startup, rebuilding insurance

Services & Products

home insurance policies
risk assessment and underwriting
claims handling and support
agent partnership and training

Target Customers

homeowners independent insurance agents insurance agency owners

Funding Rounds & Investors (8)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round •••••• 6
Investor Investor Investor Investor
•••• ••••
30 Jan 2025
Series D •••••• 5
Investor Investor Investor Investor
•••• ••••
21 Sep 2023
Series C •••••• 7
Investor Investor Investor Investor Investor Investor
•••• ••••
21 Jun 2022
Series B •••••• 5
Investor Investor Investor Investor
•••• ••••
17 Dec 2020
Series A •••••• 4
Investor Investor Investor Investor
24 Jun 2020

View All 8 Funding Rounds

Openly Alternatives & Competitors

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FAQ About Openly

Premium, straightforward home insurance
Openly was founded in 2017.
Openly is headquartered in Boston, United States.
Openly operates in the following industries: Insurance, Insurtech, Life insurance, Car insurance.
Openly has approximately 343 employees.
Openly has completed 8 funding rounds, raising a total of $360.87M. The latest funding stage is Series Unknown.
Openly offers: home insurance policies, risk assessment and underwriting, claims handling and support, agent partnership and training.
Top alternatives and competitors to Openly include Morrow Insurance Agency, Inc., Alabama Independent Insurance Agents, Inc., Western Marketing Associates Corp, Shelly, Middlebrooks & O'Leary, Agentero. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Openly and Morrow Insurance Agency, Inc. 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.

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