Openly Secures $100 Million in Series D Funding

Insurtech homeowners insurer Openly said has raised $100 million in Series D funding, led by Eden Global Partners.

There was additional participation in the round from a mix of current and new investors including Gradient Ventures, Clocktower Technology Ventures, Trinity Capital, and others.

David Dwek, Eden Global Partner’s CEO, has joined Openly’s Board of Directors.

“Openly’s growth continues to be fueled by the support of investors, employees, and independent agents who all value the game-changing approach we bring to the insurance space,” said Ty Harris, co-founder and CEO. “Eden Global Partners is an ideal firm to support our pursuit of the massive, long-term opportunity to modernize homeowners insurance in the United States, and we’re thrilled to have them as our partner. It’s a perfect match.”

Launched in 2019, Openly said it now serves 30,000 independent agents across 21 states in the U.S.

A year ago, Openly closed on a $75 million Series C investment.

Topics Mergers & Acquisitions