Openly

Openly

Private
Boston, MassachusettsFinTechhttps://www.openly.com

Last Round

Growth Equity

1/30/2025

Est. Valuation

$1.1B

Total Funding Raised

$430.8M

Company Overview

Openly is a personal lines insurance company that leverages technology and industry expertise to provide comprehensive coverage through independent agents, ensuring a simplified quoting process and a modern insurance experience for customers.

Sector

FinTech

Verticals

InsurTech, PropTech Services

Business Model

B2B2C

Customer Profile

Subscription SaaS

AI Layer

Application

Keywords

homeowners insuranceInsurTechhigh-value home insurancemanaging general agentMGAindependent agent channeldigital MGAagent quoting platformproperty and casualty insuranceP&C insurancemass affluent insuranceB2B2C insuranceguaranteed replacement costlandlord insuranceclaims automationcar insurance

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Openly Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Openly Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Growth Equity1/30/2025
Series D9/21/2023
Series C6/21/2022
Series B12/18/2020
Series A6/24/2020
Seed
11/26/2019

Key People

Founding team and executive leadership

Matt Wielbut 🦄

Co-Founder CTO

Founding Team

Chris Bacon

Chief Operating Officer

Executive Team

Openly Investors

Notable investors and investment history

InvestorRounds
Gradient VenturesSeries B, Series D, Series C, Series A, Seed
Clocktower VenturesGrowth Equity, Series D, Series C
TechstarsSeed, Series C, Accelerator
PJCSeries B, Seed, Growth Equity, Series A
ACL Capital Fund, LLCSeed
Obvious VenturesSeries B, Growth Equity, Series C, Series A
Advance Venture PartnersGrowth Equity, Series C, Series B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 22, 2026

    Expanded partnership with Allianz Re for US market expansion.

  • Jul 1, 2025

    Now operational in 24 states, serving thousands of agents and policyholders.

Openly Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Openly Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Openly's valuation, stock price, and market status.

Firmographic Details

HeadquartersBoston, Massachusetts
Employee Range369
Year Founded2017
Last Funding1/30/2025

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