Note: Revenues for privately held companies are statistical evaluations.
Openly's annual revenues are over $500 million (see exact revenue data) and has 100-500 employees. It is classified as operating in the Insurance Carriers industry.
Note: Openly's revenues are gauged from an analysis of company filings.
Investor Activity
Openly has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.
Date
Investors
Percent Raised
Target Size
June 19, 2020
31
100%
$15 MM
Complete list of funding rounds and total amounts in the Company Report
Openly's Income Statement (based on Industry Averages)
$ Millions (Industry Average)
Openly Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
Trademark Applications
Trademark applications show the products and services that Openly is developing and marketing.
Openly doesn't have any recent trademark applications, indicating Openly is focusing on
its existing business rather than expanding into new products and markets.
Trademarks may include brand names, product names, logos and slogans.
Trademark
Date
OPENLY Insurance services, namely, underwriting, brokering, issuing and administration in the fields of automobile insurance, vehicle insurance, renters insurance, life insurance, and commercial insurance
02/28/2018
See all trademarks and details in the Full Report.
Recession Risk
Determine whether Openly grew or shrank during the last recession. This is useful in estimating the
financial strength and credit risk of the company.
Compare how recession-proof Openly is relative to the industry overall.
While a new recession may strike a particular industry, measuring the
industry and company's robustness during the last recession estimates its ability to weather future recessions.
A competitive analysis shows these companies are in the same general field as Openly, even though they may not compete head-to-head.
These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines.
The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies.
Competitive advantage comes from offering better pricing or superior products/service.
These companies are similar in business line and location to Openly.
While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.
These companies are in the same general field as Openly and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.