Boston-based Insurtech Ledgebrook has secured of a $17 mn in Series B funding round. This opportunistic raise introduces two esteemed Family Offices to the Ledgebrook cap table: Duquesne (who led the round) and The Stephens Group and also included participation from long-term partners Brand Foundry Ventures & American Family Ventures.
The company will use the funds to expand current operations and launch new projects. The capital infusion will allow Ledgebrook to accelerate expansion of current operations & embark on innovative projects.
Ledgebrook’s Series B comes quickly on the heels of its $24 mn Series A announced in March 2024, underscoring investor confidence in the mission to redefine the insurance experience through cutting-edge technology and exceptional customer service.
“Their commitment to long-term thinking aligns well with our vision for what Ledgebrook can be in the coming decades. It’s a rare opportunity to be able to bring on partners of this caliber and I couldn’t be more excited,” said Gage Caligaris, Founder & CEO.
Ryan Morrow, Managing Director at Stephens Group, commented, “The Excess and Surplus insurance market and its brokers are long overdue for better technology to place their most difficult risks, and Ledgebrook is building that exact platform. This investment not only supports Gage and the Ledgebrook team but also reinforces our commitment to fostering innovation in the insurance industry.”
Ledgebrook is an InsurTech MGA providing fast, easy quoting for wholesale brokers. Its offerings include:
- Coverage and legal support for accidents or incidents on business premises or due to routine operations.
- Protection against financial losses from errors, omissions, or inadequate professional services.
- Additional coverage beyond primary policies once a specified loss threshold is exceeded.
In conjunction with this funding round, Ledgebrook is also proud to announce the appointment of Anthony Segal-Knowles as its Chief Financial Officer.
Most recently of Lazard, Anthony brings a wealth of experience in financial and strategic planning from decades in senior-level roles in the British Treasury & International Monetary Fund making him an invaluable addition to Ledgebrook’s executive team during this exciting period of expansion.
With the support of new investors and the addition of a seasoned CFO, Ledgebrook is well positioned to accelerate growth and achieve its ambitious goals.
by Peter Sonner
