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Openly’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Openly develops a digital platform that offers insurance products and services to homeowners. Read more

Openly develops a digital platform that offers insurance products and services to homeowners. Read more

Ty Harris's photo - Co-Founder & CEO of Openly

Co-Founder & CEO

Ty Harris

CEO Approval Rating

90/100

Founded:

2017

Status:

Private

Est. Annual Revenue
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Est. Employees
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Sector
Insurance Brokers
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Headquarters
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TOP COMPETITORS OR ALTERNATIVES

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The top 10 competitors in Openly's competitive set are Lemonade, Slice, Kin, Trov, Sure, Jetty, Hippo Insurance Services, Kelly Klee, Young Alfred, simplesurance. and Bunker Protect, Inc.. Together they have raised over 1.5B between their estimated 1.5K employees. Openly's revenue is the ranked lowest among it's top 10 competitors. The top 10 competitors average 11.1M. Openly has 30 employees and is ranked 10th among it's top 10 competitors. The top 10 competitors average 108.

Lemonade is perceived as one of Openly's biggest rivals. Lemonade is headquartered in New York, New York, and was founded in 2015. Like Openly, Lemonade also operates in the Insurance Brokers industry. Lemonade generates 4,930% the revenue of Openly.

Slice is one of Openly's top competitors. Slice is a Private company that was founded in 2015 in New York, New York. Slice operates in the Application Software industry. Compared to Openly, Slice has 45 more employees.

Kin has been one of Openly's top competitors. Kin was founded in 2016 in Chicago, Illinois. Like Openly, Kin also works within the Insurance Brokers industry. Kin generates $3M more revenue than Openly.

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Acquisitions

No recent acquisitions found related to Openly

Openly Funding History

$7.7M$22.6M

Since Openly was founded in 2017, it has participated in 2 rounds of funding. In total Openly has raised $22.6M. Openly's last funding round was on Jun 2020 for a total of $15.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Series A
Jun 2020
$15M

Obvious Ventures

Seed
Nov 2019
$7.7M

Total Funding: $22.6M

Since Openly was founded in 2017, it has participated in 2 rounds of funding. In total Openly has raised $22.6M. Openly's last funding round was on Jun 2020 for a total of $15.0M

Investments

No recent investments found related to Openly

Openly News

June 30, 2020Pulse2.0

Homeowners Insurance Platform Openly Raises $15 Million

Premium homeowners insurance platform Openly recently announced that it has raised $15 million in Ser... See more »
June 24, 2020The Business Journals: Boston

Another Mass. startup just joined Google's AI fund portfolio

Techstars Boston alumn Openly Inc., which is applying artificial intelligence to the home insurance m... See more »
May 27, 2020Agency Checklists

Boston-based Openly Launches in Kentucky

With its official entrance into the Kentucky homeowners' marketplace, Openly is now live in five stat... See more »

Openly Press Releases

Headquarters

17209, 5505 N Cumberland Avenue Suite 307

Chicago, Illinois60656-1471

857-990-9080

Driving Directions »

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Summary

ABOUT

Overview

Openly develops a digital platform that offers insurance products and services to homeowners. Openly was founded in 2017. Openly's headquarters is located in Chicago, Illinois, USA 60656-1471. It has raised 22.6M in 2 rounds. The latest round was in J...

CEO

Openly's Co-Founder & CEO, Ty Harris, currently has an approval rating of 90%. Openly's primary competitors are Lemonade, Slice & Kin.

Website

openly.com

Frequently Asked Questions about Openly

  1. When was Openly founded?

    Openly was founded in 2017

  2. Who is Openly's CEO?

    Openly's CEO is Ty Harris

  3. How much revenue does Openly generate?

    Openly generates $2M in revenue

  4. How much funding does Openly have?

    Openly has historically raised $22.6M in funding

  1. Where is Openly's headquarters?

    Openly's headquarters is in Chicago Illinois, USA

  2. How many employees does Openly have?

    Openly has 30 employees

  3. What sector does Openly operate in?

    Openly is in Insurance Brokers

  4. Who are Openly's competitors?

    Openly's top competitors are Lemonade, Slice, Kin
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