Beautifully Simple Insurance
Openly is building a next-generation insurance company from the ground up. We’re questioning the way things have been done in this industry for over a hundred years with an open mind to how customers want insurance to work—everything from how insurance is quoted & sold, to the back-end operations that frustrate everyone and waste money. Insurance is one of a few remaining greenfield industries, with many interesting engineering problems that need a fresh perspective.
This isn’t something we’ve undertaken on a whim—we’ve been at this for a year, and planning for several years. We know we can do this because we’re the right mix of contrarian ideas backed by subject-matter expertise. The founding team brings executive-level experience from Liberty Mutual Insurance and Goldman Sachs, with mastery in actuarial science, computer engineering, math, and finance (MIT, Duke, and the University of Michigan).
We were one of the 10 companies selected to Boston Techstars 2018 class. You can watch our Demo Day video to learn more about what we’re building.
We have a healthy runway and path to additional funding; we recently closed an oversubscribed round with a mix of amazing VCs and an exclusive group of angels made up of industry experts and executives.
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