Ledgebrook raises $65 million

E&S insurance startup Ledgebrook has raised $65 million in a Series C funding round led by The Stephens Group, with participation from Duquesne, Brand Foundry, Floating Point, Hummingbird Nomads, and American Family Ventures.

The startup, which raised more than $110 million to date, offers general liability and professional liability products in partnership with different carriers. The funding will allow Ledgebrook to bring in further talent to grow and enhance its client-service-led approach to wholesale brokers, offer new insurance products through its platform, and participate further in retaining risk on the insurance it is writing on behalf of its carrier partners.

“I’m really excited to deepen our collaboration with Stephens Group and the Stephens Family. Their fair, open, honest and long-term approach to business partnerships, matches our own at Ledgebrook and has shone through since their initial investment last year. The round recognizes the momentum in our business. It positions Ledgebrook to truly establish itself as a premier E + S platform, known for consistent execution on our mission to delight wholesale brokers and for bringing together the best of insurance expertise and technology. I am proud of the backing we have from our existing and new investors and am incredibly grateful for their support.” – Gage Caligaris, Founder and Chief Executive Officer of Ledgebrook.

“Ledgebrook is a unique and truly impressive, founder-led platform in the attractive E+S marketplace with fantastic early momentum. We look forward to a partnership with Gage and Ledgebrook for many years ahead. We and our co-investors could not be more excited to partner with the team as the business scales.” – Ryan Morrow, Managing Director at Stephens Group.