Openly Filed Form D With the SEC
Openly has filed its form D with the SEC in connection to an equity round totaling $7.65m.
Established in 2017, the Boston-based company is in ’emerging mode’ looking to offer homeowners insurance; “Openly’s “sweet spot” tends to be homes in the $400k to $5m replacement cost range. Underwriting is tied less to traditional flags (pools, dogs, wires, etc.) and more to an overall automated assessment of the client’s loss propensity, based on dozens of factors.” Keyword: Emerging.