About Open
Open is a company based in Sydney (Australia) founded in 2016. It operates as a InsurTech and White Labeling / Private Label. Open has raised $34.1 million across 2 funding rounds from investors including Movac and AirTree. Open has completed 1 acquisition, including So-Sure. Open offers products and services including Car Insurance, Home Insurance, Travel Insurance, Landlords Insurance, and Tech Cover. Open operates in a competitive market with competitors including Zopper, Bolttech, Qover, Cover Genius and Lami, among others.
- Headquarter Sydney, Australia
- Stage Minicorn
- SectorsFinancial Services
- Phone•••• ••••
- Website beopen.com
- Social LinkedIn X Facebook
- Legal Name Open Insurance Technologies Pty Ltd
Products & Services of Open
Open offers a comprehensive portfolio of products and services, including Car Insurance, Home Insurance, Travel Insurance, Landlords Insurance, and Tech Cover.
Car insurance is provided for vehicle protection needs.
Home insurance is offered for property protection solutions.
Travel insurance is designed for trip safety coverage.
Landlords insurance is tailored for rental property security.
Tech cover is provided for electronic device protection.
Funding Insights of Open
Open has successfully raised a total of $34.1M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $34.1M
- Total Rounds 2
- Last Round Series B — $31M
- First Round $3.1M
(Aug 2020)
- Investors Count 2
All 2 funding rounds of Open with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Valuation | Stage |
|---|---|---|
| Aug 2021 | $100M | •••••••• |
Last known valuation $100M (Aug 2021). 2 investors in total: 2 institutional.
Investors in Open
Open has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Movac and AirTree.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is provided to technology businesses by Movac. | 1998 | movac.co.nz | New Zealand | |
Investments are directed toward early-stage tech startups by AirTree. | – | airtree.vc | Surry Hills, Australia |
Investor details for Open
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
People of Open
15 people are tracked at Open (8 in leadership, 3 in board & advisors, 4 in team).
| Name | Role | Group |
|---|---|---|
Bayne Carpenter | Chief Revenue Officer | Leadership |
Jason Wilby | Cofounder, Co-CEO | Leadership |
Sam Hoppe | Chief Commercial & Insurance Officer, UK | Leadership |
Charlie Ramsay | Head Of Assessing & Repair | Motor Claims | Leadership |
Lachlan Brown | Head Of Strategic Partnerships | Leadership |
Rob Warren | Chief Financial & Risk Officer | Leadership |
Jonathan Buck | Cofounder Co-CEO | Leadership |
Thomas Walker | Growth Director - Huddle Insurance AU & UK | Leadership |
Richard Enthoven | Non-Executive Director | Board & advisors |
James Cameron | Non-Executive Director | Board & advisors |
Jason Graham | Non-Executive Director | Board & advisors |
Sam Walford | Senior Manager - Procurement And Supply Chain | Team |
Tony Lee | GM, Commercial | Team |
Joshua Williams | Compliance Officer | Team |
Ellen Black | Growth Lead | Team |
Complete people profiles for Open
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
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Investments & Acquisitions by Open
Open has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include So-Sure.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Insurance solutions for individuals are provided via an online platform. | wearesosure.com | London, United Kingdom | 2013 | Mar 2024 | •••• |
Complete acquisition details for Open
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- Acquired stakes
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- Complete history
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Timeline of Open
5 dated milestones of Open across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Open is founded.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Series B, of $31.0M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires So-Sure.
Competitors of Open
Open operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zopper, Bolttech, Qover, Cover Genius and Lami, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zopper.com | 2011 | Noida, India | $120.6M | 567 | API-enabled insurance distribution platform is provided for B2C companies. | |
| bolttech.io | 2020 | Singapore | $740.2M | – | Insurance solutions are connected for businesses and individuals through partnerships. | |
| qover.com | 2016 | Brussels, Belgium | $71.67M | 92 | Software suite for designing and distributing digital insurance is offered. | |
| covergenius.com | 2014 | New York, United States | $243.6M | – | Software suite for insurance distribution and management is provided. | |
| lami.world | 2019 | Nairobi, Kenya | $5.5M | – | A software suite is provided for insurers and underwriters. | |
| tint.ai | 2018 | San Francisco, United States | $25.13M | 24 | Embedded insurance solutions are delivered to businesses through platforms. | |
| fuse.co.id | 2017 | West Jakarta, Indonesia | $50M | – | Insurance quoting software is offered to connect providers for agents. | |
| bharatsure.com | 2021 | Mumbai, India | $3.25M | 23 | Technology and infrastructure for insurance sales are provided. |
Detailed competitors of Open
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
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Verified entity values are shown only after access is granted.
Web traffic of Open
The website of Open (beopen.com) receives about 18K visits a month.
- Monthly visits18K
▲ 16.4% vs previous month
Websites whose visitors overlap most with Open. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
 pyengine.blogspot.kr | pyengine.blogspot.kr | 100% | – | – | – |
| google.com | 60% | 85.8B | #1 | View details | |
trovi.com | trovi.com | 54% | – | #131,840 | – |
google.co.uk | google.co.uk | 54% | – | #355 | – |
| facebook.com | 54% | 12.1B | #3 | View details |
Latest news on Open
Complete news archive for Open
Full article history, source details, and older brand coverage require an active premium plan.
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Verified entity values are shown only after access is granted.
Similar companies to Open
10 companies that operate in the same segment as Open (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 206.3 M | – | – | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | – | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Finland | USD 1.16 B | – | – | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | – | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 182.84 M | – | – |
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Frequently Asked Questions about Open
Open was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Open is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Open is a funded company, having raised a total of $34.1M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.1M, raised on Aug 2020.
Embedded insurance programs are developed by Open for large brands in the UK, Australia, and New Zealand. Digital-first insurance solutions are offered, covering car, home, travel, landlords, and tech cover. End-to-end services are provided, including acquisition, sales, payments, claims, and analytics, powered by flexible technology. Unique data and marketing services are delivered through OpenIntel, utilizing AI-enhanced data products and advanced ML dashboards. Risk management and regulatory compliance are ensured with licenses in multiple regions. Partnerships with global underwriters are maintained to design world-class insurance products tailored to modern customer needs.
Open's top competitors include Zopper, Cover Genius and Bolttech.
Open offers Car Insurance, Home Insurance, Travel Insurance, Landlords Insurance, and Tech Cover.
Open has made 1 acquisition, including So-Sure.
The valuation of Open is $100M as of Aug 2021.
Open operates through Open Insurance Technologies Pty Ltd.