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Openly
Home insurance platform
- 201-500 employees
- B2C
- Insurance
- SaaS
- Columbus, Boston, MA
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Company mission
To empower independent insurance agents to deliver a modern, efficient, and superior customer experience.
Some candidates hear
back within 2 weeks
22% employee growth in 12 months
Our take
Openly has responded to a perceived gap in the market: while consumers are increasingly buying home insurance through independent agents, the products those agents can offer have not kept up with what’s possible, resulting in wasted time, wasted money, and outdated risk underwriting.
Openly's homeowner insurance platform sells exclusively through independent agencies. The platform watches and updates more than 19,000 vendor profiles daily across 19 states and 91 different industries, detecting changes to key business information, privacy documentation, terms of service agreements and public records. This increases transparency of the risk between buyers and suppliers, which sets Openly apart from its competitors in the insurtech market.
It has grown in-force premium by more than 500% year over year and has already achieved double-digit new sales market share in the majority of its states. The company is taking huge steps and recently partnered with Mastercard to integrate Mastercard's RiskRecon cyber risk data into its platform so that organizations can better understand their risk profile. Openly has plans to expand its home insurance product to more states and agencies and to enhance its technology and insurance product.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Remote-First
- Health insurance
- Work from home stipend
- Vision and dental insurance
- Company equity
- 401k plan
- Flexible PTO
- Parental leave policy
Company values
- Integrity
- Empathy
- Teamwork
- Curiosity
- Urgency
Funding (last 2 of 5 rounds)
Sep 2023
$100m
SERIES D
Jun 2022
$75m
SERIES C
Total funding: $237.7m
This company has top investors
Leadership
Ty Harris
(CEO)Studied at MIT before working as a Lecturer at MIT and Northeastern. Went on to spend 12 years at Liberty Mutual Insurance. Co-founded Quote Hopper in June 2017 and, after passing this onto an agency to run, co-founded Openly that August.
Matt Wielbut
(CTO)Started their career with almost 8 years at Goldman Sachs before co-founding Recitate and Elements Insurance. Used this experience to co-found Openly with Ty.