# Openly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openly

- Industry: Insurance
- Headquarters: Boston, US
- Website: www.openly.com/
- Total disclosed funding: $238M
- Latest round: Series D (Sep 21, 2023)
- Investors on record: 10

## About

Openly, Inc. is a US-based insurance provider that focuses on delivering customizable homeowners insurance solutions, characterized by flexibility and comprehensive coverage tailored to meet individual client needs.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. raised an undisclosed amount of venture funding co-led by Eden Global Partners, Advance Venture Partners, and Gradient Ventures, with participation from Allianz X. 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. The company will use the April 2026 funding to accelerate expansion into additional states, deepen independent agent partnerships, and expand its homeowner's insurance product offerings.

## Funding rounds

- Series D, Sep 21, 2023, $100M — Trinity Capital Investment, Clocktower Technology Ventures, Gradient Ventures, Eden Global Partners
- Series C, Jun 21, 2022, $75M — PJC, Techstars, Obvious, Advance Venture Partners, Clocktower Technology Ventures, MTech Capital, Gradient Ventures
- Series B, Dec 17, 2020, $40M — PJC, Obvious, Advance Venture Partners, Gradient Ventures, Greenlight Re Innovations
- Series A, Jun 24, 2020, $15M — PJC, Obvious, Gradient Ventures
- Seed, Nov 26, 2019, $7.7M — PJC, Gradient Ventures

## Investors

- PJC (https://capitalatlas.ai/funds/pjc) — Seed, Series A, Series B, Series C
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed, Series A, Series B, Series C, Series D
- Obvious (https://capitalatlas.ai/funds/obvious) — Series A, Series B, Series C
- Advance Venture Partners (https://capitalatlas.ai/funds/advance-venture-partners) — Series B, Series C
- Greenlight Re Innovations — Series B
- Techstars (https://capitalatlas.ai/funds/techstars) — Series C
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series C, Series D
- MTech Capital (https://capitalatlas.ai/funds/mtech-capital) — Series C
- Trinity Capital Investment — Series D
- Eden Global Partners (https://capitalatlas.ai/funds/eden-global-partners) — Series D