Ledger Investing raises $75 million
Online marketplace for insurance securities Ledger Investing has raised $75 million in Series B funding led by WestCap, with participation from Teachers’ Venture Growth and Intact Ventures, and previous investors: SignalFire, MassMutual Ventures , Allegis Capital, and Accel.
Founded in 2016, the Washington, DC-based startup allow insurers to securitize risk more efficiently while providing investors, asset managers, pension funds, hedge funds, family offices, and other institutions an opportunity to invest in a new and growing asset class.
“We are well on our way to creating a trillion dollar asset class and changing the fundamentals of how insurance risk has connected to capital since the dawn of the (re)insurance industry. We have built sophisticated risk and capital infrastructure to address the industry’s structural inability to provide insightful and reliable information to capital providers. Our technology benefits all stakeholders by bringing greater efficiency and transparency to every transaction.” – Samir Shah, CEO of Ledger Investing.
“Ledger Investing is bringing critical transparency and automation to risk transfer. With its industry-first open data platform, powerful analytics and objective pricing models, Ledger is uniquely positioned to drive transformational change by creating new capital opportunities for MGAs and insurers, as well as an entirely new asset class for many investors.” – Jeff Mullen, Partner at WestCap, who will be joining the Ledger Investing Board of Directors.
Bottom Line: Vesttoo is watching.