Openly, a tech-enabled homeowners insurance provider, has secured a growth investment round led by existing investors Eden Global Partners, Advance Venture Partners and Gradient, with strategic participation from Allianz X.
The company has also expanded its long-term reinsurance partnership with Allianz Re as it looks to accelerate its growth across the US homeowners insurance market.
The combined investment and reinsurance support are intended to strengthen Openly’s balance sheet and enable further expansion, as independent agents increasingly seek technology-driven carriers with strong underwriting capabilities.
Founded in 2017, Openly focuses exclusively on the independent agent channel, offering a platform designed to deliver fast quoting and tailored homeowners insurance coverage.
The company said the funding will support expansion into additional states, deepen agent partnerships and broaden its product offering.
Ty Harris, Co-founder and CEO of Openly, said, “Independent agents are the cornerstone of Openly’s business model. With over 60,000 agent partners across 24 states, we’ve demonstrated the effectiveness of our approach.
“This strengthened partnership with Allianz Re, alongside continued support from our investors, accelerates that commitment: more states, more products, and a stronger platform for every agent who chooses to build their book with us.”
The investment comes at a time when the homeowners insurance market is facing increased pressure from rising catastrophe risks and capacity constraints.
Niklas Mundorf, Senior Manager at Allianz X North America, said, “Openly is revolutionizing homeowners insurance with a disciplined, scalable underwriting model that emphasizes rigorous risk selection, precise pricing, and consistent portfolio management—yielding strong loss ratio results despite high natural catastrophe activity in the US in recent years.
“In a challenging market, Openly exemplifies how growth and responsibility can coexist, which is why we are deepening our commitment to elevate Openly and better serve this key market segment.”
The company said the strengthened capital and reinsurance position will help it scale sustainably while continuing to support independent agents with technology-led insurance solutions.
Copyright © 2026 FinTech Global
