Specialty MGA Ledgebrook raises $17 million

Boston-based specialty MGA Ledgebrook has completed a $17 million Series B funding round. The round was led by Duquesne, with participation from The Stephens Group, as well as long-term partners Brand Foundry Ventures and American Family Ventures. The startup has raised a total of $49 million since its inception in 2022.

The tech-enabled E&S MGA – a team of ~57 – partners with Obsidian Insurance and Everspan Group to offer general liability, professional liability, and excess casualty products.

“We are thrilled to welcome Duquesne Family Office & The Stephens Group into the Ledgebrook family. 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.”- Gage Caligaris, Founder & CEO.