Openly
Founded in 2017, Openly is an insurance technology company that provides home insurance exclusively through a network of independent agents.
Secondary Market Price
Secondary Market Price
How Openly Measures Up
To help you manage your Openly equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series E
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future Openly Prices
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Company Description
Openly is an insurance technology company that provides home insurance exclusively through a network of independent agents. The company's platform uses proprietary underwriting models and connected data sources to generate fast insurance quotes, enabling agents to compete with direct-to-consumer carriers. Founded in 2017 and headquartered in Boston, Massachusetts, Openly has since grown to employ between 201 and 500 people and has raised $22.7 million in funding. The company's business model is built on simplifying the insurance process and providing comprehensive coverage options through its agent partners.
Openly continues to focus on empowering its independent agent network and expanding its educational outreach. The company recently launched its fourth annual "US Openly Agency Championship" and the inaugural "US Openly Agent Cup," both incentive programs for its agents. Openly also produces informational content for homeowners on topics such as proper insurance coverage for solar panels and winter home preparation. The company's leadership participates in industry discussions, with co-founder and CTO Matt Wielbut recently speaking on the role of artificial intelligence in insurance operations.
- Eden Global Partners
- Allianz X
- Advance Venture Partners
- Obvious Ventures
- Clocktower Technology Ventures
- Point Judith Capital
- Gradient Ventures
- Trinity Capital
- Greenlight Re Innovations
- Hanover Insurance International Holdings
- MTech Capital
- Plug and Play Accelerator
- Techstars Ventures
- Co-Founder, Ty Harris
- Co-Founder, Matt Wielbut
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is Openly worth joining?
Evaluating an offer from any startup requires looking at the company's growth prospects, culture, and the total compensation package. To understand the potential value of your equity component, you can use specialized tools to model its future worth.
What should I do with my Openly stock?
The right strategy for your private stock depends entirely on your personal financial goals, risk tolerance, and tax situation. Platforms like Prospect can help you model different scenarios and create a personalized, tax-optimized plan for your shares.
Can you sell Openly stock?
As Openly is a private company, selling stock is typically restricted to specific company-approved events like tender offers or secondary sales. When these opportunities occur, tools from platforms like Prospect can help you determine how much to sell and which shares are most tax-efficient.
How can I find the value of my Openly stock?
Valuing private company stock is complex because it isn't traded on a public market and its worth can change with each funding round. You can use a service like Prospect, which uses predictive models to help forecast the future value of your private shares.
What is Openly's equity worth?
The ultimate worth of your equity is based on the company's future performance, your specific grant details, and the taxes you'll owe upon selling. Financial modeling platforms can project your equity's potential after-tax value and show you strategies to maximize it.
What is Openly's stock ticker symbol?
Because it is a private company, Openly is not listed on a public stock exchange and therefore does not have a ticker symbol. Ticker symbols are only assigned to companies once they complete an Initial Public Offering (IPO).
Can I buy or sell Openly stock?
Buying shares in a private company is usually limited to employees or accredited investors, while selling is often restricted to company-approved windows like tender offers. While platforms like Prospect do not act as a marketplace, they provide the analytics to help you make optimal decisions when an opportunity to sell arises.
What is the criteria to buy or invest in Openly stock?
Investing in a private company like Openly is typically reserved for employees receiving equity compensation or for accredited investors participating in formal funding rounds. The stock is not available for purchase by the general public on an open market.
