A consortium of investors led a $75m Series C funding round in Openly.

A consortium of investors, including Advance Venture Partners, Clocktower Ventures, Obvious Ventures, Gradient Ventures, PJC Ventures, Techstars, and Mtech Capital, led a $75m Series C funding round in Openly, an insurance company. “We are excited about this funding round and what it will enable. Investors in our sector have become wise to some of the sector’s potential pitfalls, such as inefficient customer acquisition, high burn rates, and unsustainable underwriting. We built Openly from day one around a strategy that avoids those pitfalls, and we’re seeing that pay off in differentiated results. I believe that differentiation relative to competitors will become even more apparent over the next two years,” Ty Harris, Openly Co-founder and CEO.