When was Openly founded?

Openly was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Openly located?

Openly is headquartered in Boston, United States. It is registered at Boston, Massachusetts.

How many employees does Openly have?

As of Aug 31, 2026, the latest employee count at Openly is 377.

Is Openly a funded company?

Openly is a funded company, having raised a total of $368M across 9 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 28, 2019.

When was the latest funding round of Openly?

Openly's latest funding was a $***** Series E round on Apr 22, 2026, with participation from 4 investors. Its primary sector is Internet First Insurance Platforms. In United States, the Internet First Insurance Platforms sector has seen $1B in funding in 2026 to date.

Where does Openly rank among its competitors?

Openly ranks 5th amongst 31 active competitors, of which 11 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Openly, which secured an undisclosed amount in Apr, 2026.

Who are the top competitors of Openly?

Openly's top competitors include Hippo, Kin and Steadily. Among them, Openly secured the most recent funding round in April, 2026.

Openly - 2026 Company Profile, Team, Funding & Competitors

Openly is a series E company based in Boston (United States), founded in 2017. It operates as a Premium home insurance provider supporting independent agents. Openly has raised $368M in funding from investors like Eden Global Partners, Gradient Ventures and Advance Venture Partners. The company has 31 active competitors, including 11 funded and 5 that have exited. Its top competitors include companies like Hippo, Kin and Steadily.

Company Details

Premium home insurance provider supporting independent agents. The platform enables independent home insurance agents to provide quotes to their clients. It offers benefits and coverages to its clients, which are sold through a network of independent agents.

Website: openly.com
Social
Email ID: *****@openly.com
Phone Number: +1 **********
Registered Address: Boston, Massachusetts

Key Metrics

Founded Year

2017

Location

Boston, United States

Stage

Series E

Total Funding

$368M in 9 rounds

Latest Funding Round

Series E, Apr 22, 2026, $*****

Investors

Eden Global Partners & 10 more

Ranked

5^th among 31 active competitors

Employee Count

377 as on Aug 31, 2026

Similar Companies

Hedvig & 48 more

View Openly's full profile

Openly is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Openly LLC CIN: 82-2540752 , United States, Active	Dec 31, 2016	-	157 (As on Dec 31, 2021)	-
OPENLY INC CIN: 822540752 , United States, Active	Dec 31, 1999	-	395 (As on Dec 31, 2024)	-

Openly has raised a total funding of $368M over 9 rounds. Its first funding round was on May 28, 2019. Its latest funding round was a Series E round on Apr 22, 2026 for $*****. 4 investors participated in its latest round. Openly has 11 institutional investors.

Here is the list of recent funding rounds of Openly:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 22, 2026	5398474	Series E	1957590	2357011	8487201	2896245
Jan 30, 2025	8731622	Conventional Debt	4902041	7444412	6140279	Allianz X
Jan 30, 2025	1275287	Series E	4159502	3218936	Eden Global Partners	Obvious Ventures & 3 more

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View details of Openly's funding rounds and investors

Openly's employee count trend

Openly has 377 employees as of Aug 26. Here is Openly's employee count trend over the years:

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Top competitors of Openly include Hippo, Kin and Steadily. Here is the list of Top 10 competitors of Openly, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hippo 2015, Palo Alto (United States), Public	Online platform for homeowners insurance	$709M	Dragoneer Investment Group, Bond Capital ... & 65 others	68/100
2nd	Kin 2016, Chicago (United States), Series E	Online platform for homeowner insurances for individuals	$422M	QED Investors, August Capital & 51 others	66/100
3rd	Steadily 2020, Austin (United States), Series C	Online insurance platform for rental property insurance	$90.1M	Zigg Capital, Two Sigma Ventures & 12 others	62/100
4th	FutureProof 2019, San Diego (United States), Series A	Online climate risk analytics platform for institutions	$9.5M	Innovation Endeavors, AXIS Capital & 10 others	61/100
5th	Openly 2017, Boston (United States), Series E	Premium home insurance provider supporting independent agents	$368M	Trinity Capital, Advance Venture Partners ... & 9 others	59/100
6th	billy 2020, New York City (United States), Series A	Online insurance platform for construction insurance	$11.2M	MetaProp NYC, Entrada Ventures & 9 others	59/100
7th	Slide Insurance 2021, Tampa (United States), Public	Provider of homeowners insurance	$100M	Gries Investment Funds, Tampa Bay Ventures ... & 3 others	57/100
8th	LIO 2020, Conshohocken (United States), Series C	Online platform for property insurance	$77.8M	-	51/100
9th	Orion180 2018, Melbourne (United States), Funding Raised	Online insurance platform for homeowners insurance	-	-	50/100
10th	Safely 2011, Emeryville (United States), Series A	Provides ID verification solutions for vacation rentals	$20M	LAGO, MetLife & 7 others	50/100