Openly Raises $123M in Growth

Openly has successfully raised $123M in a Growth from multiple investors.

Company Overview

Openly is a InsurTech company headquartered in Boston, MA, founded in 2017 with 200+ employees.

Digital homeowners insurance platform providing coverage directly and through agents

Fundraising Details

• Amount Raised: $123M
• Round Type: Growth
• Date: 2025-03-20
• Investors: Multiple investors

About Openly

Digital homeowners insurance platform providing coverage directly and through agents The company is positioned in the InsurTech sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Boston, MA
• Founded: 2017
• Team Size: 200+
• Industry: InsurTech

What This Means

This funding round demonstrates strong investor confidence in Openly's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The InsurTech sector continues to attract significant investment as companies innovate to meet evolving market demands. Openly's successful fundraising reflects the strong fundamentals and growth potential in this space.

Looking Ahead

With this new capital, Openly is well-positioned to execute on its growth strategy and continue building innovative solutions in the InsurTech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2025-03-20. For more information about Openly, visit their headquarters at Boston, MA.