Founded in 2017, Openly focuses exclusively on serving independent insurance agents through a technology-enabled platform that streamlines quoting and delivers homeowners coverage. The company currently works with more than 60,000 agent partners across 24 states. Openly highlights an underwriting approach centered on disciplined risk selection, pricing precision, and portfolio management, which it says has produced strong performance despite elevated natural catastrophe activity. With the recent growth investment and an expanded reinsurance partnership with Allianz Re, Openly said it has strengthened its balance sheet and access to reinsurance capacity. The company plans to use the capital to expand into additional states, deepen relationships with independent agents, and broaden its product offerings. Strategic participation from Allianz X accompanies the new funding and reinsurance expansion.

Total raised

$198M

Funding rounds

5

Latest round

Series D

Latest activity

Sep 2023