# Open: Insurance, Sydney, Australia

> Open: Open is a certified B Corp insurance technology company based in Australia and New Zealand, dedicated to making insurance affordable, transparent, and...

Source: https://millionrounds.com/startup/open-3 (Millionrounds; every figure on the page links to its filing or article)

Australia · [Insurance startup](https://millionrounds.com/companies)

# Open

Open is a certified B Corp insurance technology company based in Australia and New Zealand, dedicated to making insurance affordable, transparent, and user-friendly.

Funding reported Last round: Series B

Insurance Sydney, Australia

Company summary

- **Founded:** 2016 10 years old
- **Team:** 140 51 to 200 people
- **Funding reported:** 58.9M as listed, currency not stated
- **Last round:** Series B Aug 2021

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Open has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Open

Open is a certified B Corp insurance technology company based in Australia and New Zealand, dedicated to making insurance affordable, transparent, and user-friendly.

Founded in 2016, Open has experienced rapid growth, doubling in size each year, and is the only certified B Corp insurance company in its region. The company is expanding its operations to the UK and Europe, operating as an insurance intermediary regulated by the Financial Conduct Authority. Open specializes in embedded insurance solutions, integrating car, home, and travel insurance into the digital platforms of partner businesses. Their offerings include customizable white-label insurance platforms, bespoke solutions for various sectors, and data-driven insurance design. Open partners with notable global brands to streamline insurance processes and enhance customer experiences. The company's mission is to provide fast, affordable insurance while ensuring clarity and accessibility for all users.

## What company datasets say Open raised

Funding, as reported

Reported in all **58.9M** in the source's currency

Rounds **4**

Last round **Series B**

Last round size **31M**

Last round date **Aug 2021**

Investors listed **8**

## Founders and team

From Open's own website: 2 founders, 5 on the team.

**Jason Wilby** Co-founder and CEO

**Jonathan Buck** Co-founder and CEO

- **Bayne Carpenter** Chief Commercial and Insurance Officer ANZ
- **Rishin Patel** Chief Product Officer
- **Sam Hoppe** Chief Commercial and Insurance Officer UK
- **Sarith Fernando** Chief Technology and AI Officer
- **Alp Eldem** Country Manager, UK

## The company, in detail

What they build

Known for

information technology & services insurance financial services saas services software artificial intelligence computer software b2b

Built with from their website

DocuSign ChatGPT Google Tag Manager GitLab CI/CD Employment Hero Amazon CloudFront Tableau dbt Figma Adobe Customer Journey Analytics

+8 more

Atlassian TypeScript Framer MailChimp Google Workspace Django CloudFlare Viewport Meta

- **Sector:** Insurance
- **Industry code:** NAICS 524210, SIC 6411
- **Region:** New South Wales
- **Revenue:** 2.4M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/open-a34f6d2a11)

## Insurance in Australia

Startups like it

- [**upcover** Sydney · founded 2019 *Raised*](https://millionrounds.com/company/upcover)
- [**Honey Insurance** The Rocks · founded 2020](https://millionrounds.com/startup/honey-insurance)
- [**Integrity Life** Sydney · founded 2018](https://millionrounds.com/startup/integrity-life)
- [**Huddle** Sydney · founded 2016](https://millionrounds.com/startup/huddle-10)
- [**Opus Medical** Eveleigh · founded 1999](https://millionrounds.com/startup/opus-medical-2)
- [**AuditCover** Sydney · founded 2021](https://millionrounds.com/startup/auditcover)
- [**Boundlss** Perth · founded 2013](https://millionrounds.com/startup/boundlss)
- [**Potiki** Sydney · founded 2022](https://millionrounds.com/startup/potiki)

## Is this your company?

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