Openly, a Boston, MA – based technology-enabled provider of premium homeowners insurance through independent agents, closed a $75m Series C funding.
Backers included Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient Ventures, PJC Ventures, Techstars, and Mtech.
The company intends to use the funds to expand its home insurance product to more states and agencies, and to continue enhancing its technology and insurance product offering.
Founders Ty Harris and Matt Wielbut, Openly is a premium homeowners insurance platform, offering comprehensive coverage to consumers through independent agents across America. Launched two and a half years ago, the company currently offers its upscale homeowners products in 19 well-diversified states through a network of over 17,000 independent insurance agents.
FinSMEs
21/06/2022