Openly: Secures $75M in Series C Funding

Openly Secures $75M in Series C Funding

• Openly, a Boston, MA – based technology-enabled provider of premium homeowners insurance through independent agents, closed a $75m Series C funding
• Backers included Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient Ventures, PJC Ventures, Techstars, and Mtech
• The company intends to use the funds to expand its home insurance product to more states and agencies, and to continue enhancing its technology and insurance product offering
• The company is a premium homeowners insurance platform, offering comprehensive coverage to consumers through independent agents across America
• Launched two and a half years ago, the company currently offers its upscale homeowners products in 19 well-diversified states through a network of over 17,000 independent insurance agents