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Openly logo — Premium, straightforward home insurance

Openly

Premium, straightforward home insurance

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

General Information

Company Name Openly
Founded Year 2017
Location United States Boston, United States
Employees 343
Industries Insurance, Insurtech, Life insurance +1
Funding Stage Venture round
Social

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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.

Business keywords: 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 $123.00M 6
PJC Obvious Ventures AVP | Advance Venture Partners
PJC, Obvious Ventures +4
30 Jan 2025
Series D $100.00M 5
AVP | Advance Venture Partners Gradient Ventures Trinity Capital
AVP | Advance Venture Partners, Gradient Ventures +3
21 Sep 2023
Series C $75.00M 7
MTech Capital PJC Techstars
MTech Capital, PJC +5
21 Jun 2022
Series B $40.00M 5
PJC Obvious Ventures AVP | Advance Venture Partners
PJC, Obvious Ventures +3
17 Dec 2020
Series A $15.00M 4
PJC Techstars Obvious Ventures
PJC, Techstars +2
24 Jun 2020
Seed Round $7.65M 3
PJC Gradient Ventures
PJC, Gradient Ventures +1
26 Nov 2019
Seed Round Undisclosed 1
Liquid 2 Ventures
Liquid 2 Ventures
10 Mar 2019
Pre Seed Round $220.00K 1
Techstars
Techstars
22 Jan 2018

Openly Alternatives & Competitors

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Openly vs
Wunderite
Wunderite United States

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21 employees
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Openly vs
Urban Jungle Insurance
Urban Jungle Insurance United Kingdom

Finally, fair insurance. Certified B Corp.

Venture round
85 employees
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Openly vs
Dan Charles Agency
Dan Charles Agency United States

Securing Your Future

13 employees
Insurance, Health insurance
Also compare with: Openly vs Alabama Independent Insurance Agents, Inc. Alabama Independent Insurance Agents, Inc. View all alternatives

FAQ About Openly

Premium, straightforward home insurance
Openly was founded in 2017.
Openly is headquartered in Boston, United States.
Openly operates in Insurance, Insurtech, Life insurance and Car insurance. Its work centres on premium home insurance, independent agents, comprehensive coverage and consumer choice. Its customers include homeowners, independent insurance agents and insurance agency owners.
Openly has approximately 343 employees.
Openly has completed 8 funding rounds, raising a total of $360.87M. The latest funding stage is Venture round.
Openly offers: home insurance policies, risk assessment and underwriting, claims handling and support, agent partnership and training.
Top alternatives and competitors to Openly include Wunderite, Urban Jungle Insurance, Dan Charles Agency, Member's Assurance Property & Casualty, The Brokerage Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Openly and Wunderite 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 Openly, https://bouncewatch.com/company/openly, updated 11 July 2025. When citing, please name BounceWatch and link this page.

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