Boston based homeowners insurance platform raised $40m in Series B funding led by Advance Venture Partners.
"We at Openly recognize the massive opportunity that exists to challenge incumbents and improve insurance," said Ty Harris, CEO and Co-Founder of Openly. "We used modern technology to re-build core aspects of how an insurance product works. Then, we handed our improved product to independent agents because they know what real improvement looks like. The reception has been phenomenal. We've spent very little on marketing and yet seen sales just take off. That's because our product -- the insurance itself, the technology and the human experience -- has proven to be fundamentally superior."