Openly, Inc.
| Private | |
| ISIN | 🆔 |
| Industry | Insurance technology |
| Founded 📆 | 2017 |
| Founders 👔 | Ty Harris, Matt Wielbut |
Area served 🗺️ | United States |
Key people | Ty Harris (CEO) |
| Products 📟 | Homeowners insurance |
| Members | |
Number of employees | |
| 🌐 Website | openly.com |
| 📇 Address | |
| 📞 telephone | |
Openly, Inc. is an insurance technology company based in Boston, Massachusetts. It was started in 2017 by Ty Harris and Matt Wielbut. The company focuses on homeowners insurance and sells its policies through independent agents instead of offering them directly online. Openly began offering its policies to the public in 2019, and since then it has grown to serve customers in more than twenty states across the United States.[1]
The company began offering its products to the public in 2019 and later expanded to more than twenty states in the U.S.[1] In 2021, Openly raised $75 million in its Series C funding round, and in 2023 it raised another $100 million in a Series D round.[2][3] In 2025, Forbes named the company one of America’s Best Startup Employers.[4]
History
Openly was founded by Ty Harris, formerly of Liberty Mutual, and Matt Wielbut in 2017. The company initially offered homeowners insurance in Massachusetts and Illinois. Over time, it expanded to additional states by partnering with independent insurance agents.[5]
In 2021, Openly raised $75 million in Series C funding to support its growth.[6] In 2023, the company raised $100 million in Series D funding to expand nationwide.[7][8]
By 2025, Openly operated in more than 20 states and was recognized by Forbes as one of America’s Best Startup Employers.[9]
Products and services
Openly provides homeowners insurance policies covering dwelling, personal property, liability, and other optional features, such as equipment breakdown and water backup. The policies are intended for higher-value homes and are sold through independent agents.[10]
The company uses data analytics and predictive modeling to provide quotes and pricing for agents.[11]
Funding and growth
Since its founding, Openly has raised about $238 million in venture funding. By the end of 2023, it wrote roughly $301 million in homeowners insurance premiums, representing an 85% year-over-year increase, and operated in 21 U.S. states.[12]
Recognition
In 2025, Openly was included in Forbes’ America’s Best Startup Employers list.[13]
The company has been covered by independent industry media outlets, including Insurance Journal, Insurance Innovation Reporter, and Policygenius.[14][15]
See also
- Insurtech
- List of insurance technology companies
References
- ↑ 1.0 1.1 "Openly Expands Homeowners Coverage to More States". Insurance Journal. September 28, 2021.
- ↑ "Openly Raises $75 Million Series C Funding Led by Advance Venture Partners". The Insurer. 2021.
- ↑ Thompsett, Louis (September 25, 2023). "Insurtech Openly raises US$100m in Series D funding". InsurTech Digital.
- ↑ "America's Best Startup Employers 2025". Forbes. 2025.
- ↑ "Openly Expands Homeowners Coverage into Connecticut". Insurance Edge. May 8, 2024. Link.
- ↑ "Openly Raises $75 Million Series C Funding Led by Advance Venture Partners". The Insurer. 2021. Link.
- ↑ Thompsett, Louis (September 25, 2023). "Insurtech Openly raises US$100m in Series D funding". InsurTech Digital. Link.
- ↑ "Openly Secures $100 Million in Series D Funding". Insurance Journal. September 21, 2023. Link.
- ↑ "America's Best Startup Employers 2025". Forbes. 2025. Link.
- ↑ Gimbel, Jennifer (November 20, 2023). "Openly Home Insurance Review: Ideal for High-Value Homes". Policygenius. Link.
- ↑ "Openly Modernizes Homeowners Insurance with Growth Strategy Driven by Verisk Data". GlobeNewswire. November 29, 2022. Link.
- ↑ "Openly crosses $300 million in written premiums". Coverager. August 2024. Link.
- ↑ "America's Best Startup Employers 2025". Forbes. 2025. Link.
- ↑ "Openly Raises $100M in Series D Funding Led by Eden Global Partners". Insurance Innovation Reporter. September 21, 2023. Link.
- ↑ "Openly Secures $100 Million in Series D Funding". Insurance Journal. September 21, 2023. Link.
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