O
Openly
Fintech · Boston, United States · Founded 2017
An insurance company that specializes in premium home insurance sold through independent agents MoreLess
Openly is a forward-thinking insurance startup that aims to modernize and simplify the home and landlord insurance market. Founded in 2017 by Ty Harris and Matt Wielbut, the company leverages advanced technology and deep industry expertise to offer premium insurance products. Openly operates primarily in the United States and provides its services through a network of select independent agents.
The company focuses on offering comprehensive home and landlord insurance policies, which are underwritten by Rock Ridge Insurance Company, an AM Best A Excellent rated carrier. This high rating indicates strong financial stability and reliability, which is crucial for clients seeking dependable insurance coverage.
Openly's target clients are homeowners and landlords who are looking for premium, exclusive insurance solutions. These clients typically value both the quality of coverage and the ease of managing their policies. By partnering with independent agents, Openly ensures that its clients receive personalized service and expert advice tailored to their specific needs.
The business model of Openly revolves around providing high-quality insurance products that are easy to understand and manage. The company makes money by selling these insurance policies through its network of independent agents. Additionally, Openly offers a streamlined quoting and claims process, which enhances customer satisfaction and retention.
Openly differentiates itself in the market by using advanced data analytics and technology to offer more accurate pricing and better risk assessment. This approach not only benefits the company by reducing losses but also provides clients with fairer premiums and more comprehensive coverage.
In summary, Openly is revolutionizing the home and landlord insurance industry by offering premium, technology-driven solutions through a network of independent agents. The company's focus on simplicity, transparency, and customer satisfaction sets it apart in a competitive market.
Keywords: Home Insurance, Landlord Insurance, Premium Coverage, Independent Agents, Technology-Driven, Simplified Process, Data Analytics, Risk Assessment, Customer Satisfaction, Financial Stability.
Company overview
Openly company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2017
- Headquarters
- Boston, United States
- Employees
- 374
- Open positions
- 20
- Dealroom signal
- 81.6
Valuation & funding
Openly funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Apr 2026 | $0 | — | Allianz X · Advance Venture Partners · Gradient Ventures · Eden Global Partners | ↗ |
| DEBTDebt | Jan 2025 | $70M | — | Allianz X | ↗ |
| GROWTH EQUITY VCOther financing | Jan 2025 | $123M | — | Obvious Ventures · Point Judith Ventures · Advance Venture Partners · Clocktower Technology Ventures | ↗ |
| SERIES DOther financing | Sep 2023 | $100M | $400M | Gradient Ventures · Clocktower Technology Ventures · Trinity Capital · Eden Global Partners | ↗ |
| SERIES COther financing | Jun 2022 | $75M | $300M | Techstars · Obvious Ventures · Clocktower Technology Ventures · PJC | ↗ |
| SERIES BOther financing | Dec 2020 | PJC · Advance Venture Partners · Obvious Ventures · Greenlight Reinsurance | — | ||
| SERIES AOther financing | Jun 2020 | Point Judith Ventures · Obvious Ventures | — | ||
| SEEDOther financing | Nov 2019 | Gradient Ventures | — | ||
| SEEDOther financing | Mar 2019 | Liquid 2 Ventures | — | ||
| SEEDOther financing | Jan 2018 | Techstars | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 2026 | $10M | 0% | 374 |
| 2025 | $10M | 0% | 354 |
| 2024 | $10M | 0% | 367 |
| 2023 | $10M | 0% | 320 |
| 2022 | $10M | 0% | 138 |
| 2021 | $10M | +372.7% | 138 |
| 2020 | $2.2M | — | 43 |
Growth signals
Openly website traffic
Latest recorded traffic for Openly is 75K monthly website visits, up 5.6% over the last three months. Openly's team grew 5.6% over the past year.
Hiring
Open positions at Openly
Current openings linked to this company in Dealroom.
Comparisons
Openly compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Talent graph
Openly's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Openly has talent and traffic
team presence
In the news
Latest news about Openly
Recent press, funding announcements, and product moves mentioning Openly — open to read from the original sources.
Market sentiment
What the market is saying about Openly
An AI-synthesized read of the highest-engagement posts about Openly on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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