Ledgebrook, the rapidly growing InsurTech firm, has successfully closed a $17m Series B funding round.
Leading the round were the esteemed Duquesne Family Office and The Stephens Group, with additional support from long-term partners Brand Foundry Ventures and American Family Ventures. This funding milestone highlights the industry’s strong support for Ledgebrook’s mission.
The capital will be primarily used to accelerate the expansion of Ledgebrook’s current operations and initiate innovative projects that promise to redefine the insurance experience through cutting-edge technology and exceptional customer service.
With a vision set on long-term innovation, Ledgebrook is keen on surpassing traditional insurance service benchmarks.
Reflecting on the investment, Ryan Morrow, Managing Director at Stephens Group, shared, “We have been fortunate to get to know Gage over the last year, and it’s clear he has the chance to build the next great insurance platform. The Excess and Surplus 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. We are excited to partner with Gage and the Ledgebrook team as they transform the way brokers place E&S policies.”
The announcement also coincides with the appointment of Anthony Segal-Knowles as Chief Financial Officer. Coming from a strong background with Lazard and significant experience within the British Treasury and International Monetary Fund, Anthony is poised to significantly enhance Ledgebrook’s financial and strategic planning during this pivotal expansion phase.
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