Openly
Techstars '18Boston, US · 9 known investors
Openly provides home insurance products and services for independent agents and consumers through a technology-enabled platform. The company combines actuarial science and machine learning to streamline quoting, policy management, and claims processes.
Founders & leadership
TH
Ty HarrisinFounder
MW
Matt Wielbut
MW
Matt Wielbut 🦄inFounderMatt Wielbut is the founder of Openly, an insurance company offering home and auto products. He previously worked as a programmer in finance, explored semantic-based business search, and co-founded the education technology startup Recitate and the insurance startup Elements Insurance, which was sold to Titan Insurance in 2020.
Investors · 9
Advance Venture PartnersSan Francisco · $10M – $25M
Clocktower VenturesSanta Monica · $100K – $20M
Drive CapitalColumbus · $5M – $30M
MTECH CAPITALSanta Monica
Obvious VenturesSan Francisco · $250K – $6M
TechstarsBoulder · $220K
Allianz Xreported · 2 sources
Gradient Venturesreported · 2 sourcesSan Francisco · $100K – $10M
Also in the syndicate · 1
Eden Global Partnerslead
Funding
SEC filings, press & company announcements$100M disclosed across 1 round · 2023
- $100MSeries DSep 2023 · 3 sources
Eden Global Partners (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Competitors · 7
by search overlap
Policy Genius3220 shared keywordsPolicygenius is an online insurance marketplace that provides consumers with free, tailored quotes and support from licensed agents across life, auto, home, and disability insurance. It helps individuals compare policies from multiple insurers and choose coverage that fits their needs.
Kin Insurance2443 shared keywordsKin is a home insurance provider that offers both self-service and agent-assisted policy purchase and management for homeowners. The company operates through fully licensed carrier partners and emphasizes affordability, ease of use, and customer service.
Libertymutual2439 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Hippo Home Insurance2407 shared keywordsHippo is an online insurance marketplace that helps customers find and compare home insurance policies, auto insurance, and flood coverage from top-rated carriers through a streamlined quoting process.
Lemonade2187 shared keywordsLemonade is a digital insurance provider offering homeowners, renters, car, pet, and term life insurance policies. The company uses AI to streamline policy underwriting and claims processing, targeting consumers seeking affordable insurance with fast, digital-first service.
Insurify2084 shared keywordsInsurify operates an online insurance-comparison marketplace that pulls real-time, personalized quotes from 120-plus insurers (including GEICO, Allstate, and Progressive) for auto, home, renters, and pet insurance, letting shoppers compare policies and buy online or with a licensed agent. Its AI-powered tools include a policy-upload feature, and it also offers Insurify Car, a liability-only auto policy with weekly installment payments; the company is a licensed agency in all 50 U.S. states.
Experian1494 shared keywordsExperian offers consumers tools to access their credit report and FICO Score, build credit, and manage money, including credit card matching, bill and subscription negotiation, car insurance comparison, and a digital checking account with debit card. It serves individual U.S. consumers through its app and financial products.
Companies competing with Openly for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Openly do?
- Openly provides home insurance products and services for independent agents and consumers through a technology-enabled platform. The company combines actuarial science and machine learning to streamline quoting, policy management, and claims processes.
- Who founded Openly?
- Openly was founded by Ty Harris, Matt Wielbut, Matt Wielbut 🦄.
- Who are Openly's investors?
- Openly's investors include Advance Venture Partners, Clocktower Ventures, Drive Capital, MTECH CAPITAL, Obvious Ventures, Techstars, Allianz X, Gradient Ventures.
- How much funding has Openly raised?
- Openly has disclosed $100M raised across 1 round.
- Where is Openly headquartered?
- Openly is headquartered in Boston, US.