Ledgebrook announces $65M Series C funding round led by Stephens Group

Whats Happening:

Ledgebrook Inc, an Excess and Surplus Lines Insurtech, has successfully closed an oversubscribed $65 million Series C funding round. The round was led by existing investor The Stephens Group, LLC, with participation from other existing investors including Duquesne, Brand Foundry, Floating Point, and American Family Ventures, as well as new investors like Hummingbird Nomads.

Key Moves:

• Ledgebrook closes oversubscribed $65M Series C funding round

• The Stephens Group leads the investment round

• Ryan Morrow from Stephens Group joins Ledgebrook's Board of Directors

By The Numbers:

• $65 million raised in Series C funding

• Stephens Group has over $2 billion of private equity assets under management

• Stephens Group has invested in over 50 companies since 2006

Key Quotes:

• "I'm really excited to deepen our collaboration with Stephens Group and the Stephens Family," said Gage Caligaris, Founder and CEO of Ledgebrook.

• "The round recognizes the momentum in our business. It positions Ledgebrook to truly establish itself as a premier E + S platform," Caligaris added.

• "Ledgebrook is a unique and truly impressive, founder-led platform in the attractive E+S marketplace with fantastic early momentum," said Ryan Morrow, Managing Director at Stephens Group.

Bottom Line:

Ledgebrook's successful $65M Series C funding round, led by Stephens Group, positions the company for significant growth in the Excess and Surplus Lines insurance market. The investment will enable Ledgebrook to expand its talent pool, enhance its service to wholesale brokers, introduce new insurance products, and increase its risk retention capacity.

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