With the backing of Gradient Ventures, Boston-based Openly has plans to accelerate its US expansion.

Today (26 November), Boston-based insurtech start-up Openly announced a $7.65m seed round of funding led by Gradient Ventures, a fund set up by Google to support founders building AI-powered companies.

Besides Gradient Ventures, Openly has received investment from Techstars Ventures, Greenlight Re, PJC and the Hanover Insurance Group.

While other insurtech start-ups are focused on selling insurance directly to consumers without agents, Openly sells its home insurance exclusively through independent insurance agents.

Zachary Bratun-Glennon, partner at Gradient Ventures, said: “The expertise that Ty and Matt share makes them the perfect team to tackle the challenge of modernising home insurance. | To read full story, visit https://startuparound.com/read/1574847005.8495352/Google’s-Gradient-Ventures-invests-in-Openly’s-$7.65m-seed-round?ref=audio_experience