Ledgebrook raises $4.6 million

Boston-based insurance startup Ledgebrook has closed a $4.6 million round of funding to scale its non-admitted GL & Supported Excess product & support the development of future offerings.

The round, led by Markd, is structured as an uncapped SAFE and brings Ledgebrook’s total funding to date to $8.8 million.

Founded in 2022, Ledgebrook is a tech-enabled E&S MGA looking to provide “the fastest, easiest quoting experience to wholesale brokers.”

“For many reasons, I love and have an immeasurable amount of confidence in Gage, and I want to help him in anyway that I can. E&S was the largest, most profitable, and most painful to place business in every agency/brokerage operation I have ever been involved in. I’m glad someone is capable and willing to go after it.” – Parker Beauchamp, managing partner, Markd.

“I’m absolutely thrilled to bring Parker aboard Team Ledgebrook. His experience of having placed >$1B in premiums as the owner of a retail brokerage makes him uniquely qualified to offer insight and support to Ledgebrook as we grow. This opportunistic capital infusion couldn’t come at a better time. The unwavering support of trusted partners and a war chest in our back pocket allows Ledgebrook to stay laser-focused on execution in the wake of launching our first product.” – Ledgebrook founder and CEO Gage Caligaris.