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Openly

Openly

Private
Boston, MassachusettsFinTechhttps://openly.com/

Last Round

Growth Equity

Apr 22, 2026

Est. Valuation

$1.1B

Total Funding Raised

$361.11M

Momentum

Top 10%

of companies Caplight tracks

Company Overview

Openly is an insurtech company that provides premium homeowners insurance through a network of independent agents by leveraging advanced data and technology.

Sector

FinTech

Verticals

InsurTech, Compliance & Risk, Home & Lifestyle

Business Model

B2B2C

Customer Profile

Services & Consulting

AI Layer

Application

Keywords

homeowners insuranceinsurtechmanaging general agentMGAproperty and casualty insuranceP&C insuranceclaims automationautomated underwritingdigital insurance platforminsurance agent portalelectronic first notice of losseFNOLreinsuranceembedded insuranceAI claims processing

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 Comparables

Compare Openly with similar companies based on industry and business-model similarity.

Openly comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
SageSure
86%
Branch Financial, Inc.
84%
Hippo Insurance
81%

Openly Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Growth EquityApr 22, 2026
Series D ExtensionJan 30, 2025
Series DSep 21, 2023
Series CJun 21, 2022
Series BDec 17, 2020
Series A
Jun 24, 2020

Key People

Founding team and executive leadership

Matt Wielbut 🦄

Co-Founder & CTO

Founding Team

Ty Harris

CEO & Co-Founder

Founding Team

Chris Bacon

Chief Operating Officer

Executive Team

Openly Investors

Notable investors and investment history

Openly investors
InvestorRounds
Gradient VenturesSeries B, Series D, Series C, Series A, Seed, Growth Equity
Clocktower VenturesSeries D Extension, Series D, Series C
TechstarsSeed, Series C, Accelerator
PJCSeries B, Seed, Series D Extension, Series C, Series A
ACL Capital Fund, LLCSeed
Obvious VenturesSeries B, Series D Extension, Series C, Series A
Techstars VenturesSeed

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 22, 2026

    Led by Eden Global Partners, Advance Venture Partners, and Gradient Ventures.

  • Apr 22, 2026

    Expanded partnership with Allianz Re for US market expansion.

Openly Filings

SEC and related filings with document metadata.

Data table
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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 Range376
Year Founded2017
Last FundingApr 22, 2026

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