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Eden Global Partners led a $100m Series D funding round in Openly.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Cross Border

Minority

Venture Capital

United States

Life Insurance

insurance company

Acquisition

Private

Private Equity

Friendly

Single Bidder

Synopsis

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Eden Global Partners, a financial institution specializing in providing long term capital solutions and strategic financial guidance, led a $100m Series D funding round in Openly, a homeowners insurance provider, with participation from Gradient Ventures, Clocktower Technology Ventures and Trinity Capital. "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. 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," Ty Harris, Openly Co-Founder and CEO.

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