Openly, a Boston, MA-based premium homeowners insurance provider, raised $100m in Series D funding.
The round was led by Eden Global Partners, with participation from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity Capital, and others. As part of the transaction, David Dwek, Eden Global Partner’s Chief Executive Officer, has joined Openly’s Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Ty Harris and Matt Wielbut, Openly provides independent insurance agents with a tech platform to offer coverage and streamline agency processes, expand coverage, improve risk underwriting, and enhance the claims experience.
The company now serves 30,000 independent agents across 21 states in the U.S.
FinSMEs
21/09/2023