Openly
Latest round
- Series D
Last raised
- Sep 2023
Total raised
- $238M
Investors
- 10
About Openly
Openly, Inc., founded in 2017 in Boston, US, is dedicated to offering innovative homeowners insurance options. The company was co-founded by Matt Wielbut and Ty Harris. In April 2026, Openly, Inc. Openly is a premium home insurance provider that specializes in delivering customizable homeowners insurance policies. Their core offerings include comprehensive coverage options that cater to the diverse needs of homeowners, allowing clients to select policies that best fit their unique situations. Openly emphasizes flexibility and transparency in their products, providing coverage options such as guaranteed replacement cost coverage of up to USD 5 mn and liability coverage of up to USD 1 mn. The company serves a broad client base through a network of independent agents across 24 states, including markets such as Connecticut, Georgia, Kansas, and Tennessee, among others. By leveraging advanced technology for risk assessment, Openly ensures competitive rates while aiming to streamline the claims process and enhance customer experience. Openly's revenue model revolves around the sale of homeowners insurance policies underwritten by unaffiliated insurers through independent agency partners. Agents work directly with clients to provide tailored insurance solutions, facilitating the policy selection process and guiding them through claims. Transactions typically occur on a B2B basis, where independent agents receive commissions for each policy sold, contributing to Openly’s revenue stream. The company’s focus on providing significant coverage options positions it favorably within the insurance market, appealing to a wide range of homeowners in various geographic regions.
Who invested in Openly
10 investors across 5 rounds
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Questions about Openly
Who invested in Openly?
Openly has 10 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Openly raised?
Openly has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Openly last raise money?
Openly's most recent round on record is a Series D, in Sep 2023.
What does Openly do?
Openly is a insurance company.
Where is Openly headquartered?
Openly is headquartered in Boston, US.
Which VCs invest in companies like Openly?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Openly's stage. Their profiles are linked below.
VCs backing insurance startups at Series D
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