Draft:Openly
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Submission declined on 23 October 2025 by Pythoncoder (talk).
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This draft has been resubmitted and is currently awaiting re-review. |  |
| Submission declined on 6 April 2023 by CNMall41 (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by CNMall41 2 years ago.
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| Submission declined on 8 February 2023 by CNMall41 (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are: Declined by CNMall41 2 years ago.
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Comment: See WP:ORGCRIT. Also has a WP:REFBOMB issue that will need fixed. CNMall41 (talk) 04:51, 6 April 2023 (UTC)
- Comment: References fail WP:ORGCRIT. CNMall41 (talk) 22:49, 8 February 2023 (UTC)
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| Company type | Private |
|---|---|
| Industry | Insurance |
| Founded | 2017 |
| Founders | Ty Harris Matt Wielbut |
| Headquarters | Boston, Massachusetts, United States |
Area served | 21 states |
Key people | Ty Harris (CEO) Matt Wielbut (CTO) |
| Website | www |
Openly is an American property insurance company based in Boston, Massachusetts. Founded in 2017, it provides homeowners insurance through independent agents in more than twenty U.S. states.[1][2]
History
[edit]Openly was founded in 2017 by Ty Harris, a former Liberty Mutual executive, and Matt Wielbut, a former vice president at Goldman Sachs.[1] The company was created to offer data-driven homeowners insurance distributed through independent agents.[3]
In 2019, Openly raised US$7.65 million in seed funding led by Gradient Ventures, Google’s AI-focused investment arm, and Obvious Ventures.[4][5] The company launched its first policies in Massachusetts and Illinois that year.[1]
Openly raised additional funding of $15 million in 2020 and $40 million later that year to support expansion into new markets.[6][7] In 2022, it completed a $75 million Series C round led by Advance Venture Partners.[2] Subsequent funding rounds included $100 million in 2023 and $193 million in 2025, bringing its total financing to more than $300 million.[8][9]
Operations
[edit]Openly distributes policies through independent insurance agents rather than selling directly to consumers.[1] The company uses property data, geospatial imagery, and automated modeling to assess risk and pricing.[10] Its underwriting is handled through Openly Insurance Company, a licensed carrier in multiple states, with reinsurance partnerships supporting its operations.[9]
Recognition
[edit]In 2024, Openly was included on CNBC’s list of the "World's Top 150 Insurtech Companies".[11] The company has also been featured in Insurance Journal, PropertyCasualty360, and Digital Insurance for its agent-based distribution model.[12][13]
References
[edit]- ^ a b c d Ybarra, Julia (29 October 2019). ""Openly For Business": How This Boston Insurtech Is Hedging Its Bets On Independent Insurance Agents". Agency Checklists. Retrieved 20 October 2025.
- ^ a b "Agent-Focused Home Insurer Openly Closes $75 Million Funding Round". Insurance Journal. 22 June 2022. Retrieved 20 October 2025.
- ^ "Openly Launches Digital Platform for Independent Agents". Insurance Journal. 26 October 2018. Retrieved 20 October 2025.
- ^ "Openly Is Latest Startup to Secure Funds From Google's AI Fund". Boston Business Journal. 26 November 2019. Retrieved 20 October 2025.
- ^ "Openly Raises $7.65M Round Led by Google's AI Venture Fund". Built In Boston. 26 November 2019. Retrieved 20 October 2025.
- ^ "Openly Raises $15M for Home Insurance Platform, Plans to Grow Team". Built In Boston. 26 June 2020. Retrieved 20 October 2025.
- ^ "Openly Secures $40M in Series B Funding Round to Accelerate Growth". Insurtech Insights. 17 December 2020. Retrieved 20 October 2025.
- ^ "Premium Homeowners Insurance Firm Openly Secures $100M in Series D". SiliconANGLE. 25 September 2023. Retrieved 20 October 2025.
- ^ a b "Insurtech Openly Raises $193mn in Growth Financing Led by Eden, Allianz X". The Insurer. 30 January 2025. Retrieved 20 October 2025.
- ^ Anirudh Singh (2 May 2021). "Openly CEO and Co-Founder Ty Harris — Bending the Insurance Curve" (Podcast). Wharton FinTech Podcast. Retrieved 20 October 2025.
- ^ "The World's Top 150 Insurtech Companies 2024". CNBC. 2024. Retrieved 20 October 2025.
- ^ "11 InsurTechs To Watch In 2021". PropertyCasualty360. 27 January 2021. Retrieved 20 October 2025.
- ^ "Meet the Insurtech: Openly". Digital Insurance. 20 January 2020. Retrieved 20 October 2025.
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