Public company, workplace, funding, and market signals
Updated Aug 16, 2026
Openly is a Boston-based insurtech and premium homeowners insurance provider. Founded in 2017, it uses proprietary underwriting, pricing, policy-management, and claims technology to offer broad homeowners coverage through independent insurance agents.
Primary product
Technology-enabled premium homeowners insurance, including customizable coverage and fast agent-facing quoting, binding, billing, policy management, and claims workflows.
Founded
2017
Headquarters
131 Dartmouth Street, Boston, Massachusetts 02116, United States
Team size
201-500
Work style
Remote
Industry
Insurance
Sub-industry
Insurtech; homeowners and property-casualty insurance
Offices
Business model
Stage
Growth-stage / Series D and later-stage financing
Total raised
$430.9M
Latest round
Undisclosed growth investment round · Apr 2026
Apr 2026 · Eden Global Partners, Advance Venture Partners, and Gradient Ventures
Jan 2025 · Allianz X
Jan 2025 · Eden Global Partners
Sep 2023 · Eden Global Partners
Jun 2022 · Advance Venture Partners
Dec 2020 · Advance Venture Partners
Jun 2020 · Obvious Ventures
Nov 2019 · Gradient Ventures
Jan 2018 · Techstars
Leadership
Co-Founder and Chief Executive Officer
Matt Wielbut
Co-Founder and Chief Technology Officer
Chris Bacon
Chief Operating Officer
Grant Owens
Chief Insurance Product Officer
Danielle Clifford
Vice President, Sales and Marketing
Gina Reyes
Vice President, Claims
Michelle Rains
Engineering Director
Miya Reichwald
Vice President, Legal and Compliance
Openly describes itself as remote-first, collaborative, technology-oriented, and agent- and customer-focused. Its stated values emphasize doing the right thing, transparency, curiosity, empathy, autonomy, and improving the insurance experience. The company reports employees in more than 40 states.
Work style
Remote
Visa sponsorship
No
Compensation
Public job postings provide role-specific U.S. salary ranges. Examples include approximately $115,200-$172,800 for a DevOps/SRE II role, $145,600-$218,400 for a senior backend engineer, $81,500-$127,650 for an actuarial analyst, and $145,125-$241,875 for a claims director. Postings also advertise equity, benefits, and variable compensation for some roles.
Benefits
Pricing
Risk-based insurance premiums quoted through independent agents; Openly does not publish standard rate tables or permit consumers to purchase policies directly online. Premiums vary by property characteristics, location, coverage limits, deductibles, claims history, and underwriting factors.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$1M-$10M annual revenue estimate; third-party estimate is approximately $5M and is not company-reported. This should not be confused with written premium, which external reporting states was approximately $327M in 2025.
Estimated monthly visits
75.2K
Traffic estimate as of Jun 2026
Business Wire · Apr 2026
Openly announced a growth investment led by Eden Global Partners, Advance Venture Partners, and Gradient Ventures, with strategic participation from Allianz X. It also expanded its long-term reinsurance partnership with Allianz Re. Openly said the initiatives would support expansion into additional states, deeper agent relationships, and broader product offerings.
InsurTech Analyst · Mar 2026
Openly partnered with claimtouch to automate the pricing and valuation of damaged personal property, integrating claimtouch's platform with Openly's claims-management system to improve consistency and settlement speed.
Openly / ACCESS Newswire · Jan 2025
Openly announced $193M of growth financing consisting of $123M in equity led by Eden Global Partners and a $70M senior note from Allianz X. Existing investors including Advance Venture Partners, Obvious Ventures, Clocktower Technology Ventures, and Point Judith Capital participated.
Insurance Innovation Reporter · Sep 2023
Openly raised $100M in Series D financing led by Eden Global Partners, with participation from Gradient Ventures, Clocktower Ventures, and other existing investors.
Openly
Openly describes its proprietary technology stack, including internally built pricing, underwriting, billing, policy-management, claims, chat, and API capabilities. The company says this architecture enables faster quoting, agent integrations, and more frequent product and operational improvements.
5 jobs at Openly