BOSTON, MA, Ledgebrook, an insurtech company, has raised $4.2 million in seed funding to build out its operations with the goal of writing its first policies in Q4 2022.
The company plans to start by launching a broad-appetite E&S GL product (with supported excess) to establish its value prop to wholesale brokers ahead of expanding via multiple additional product launches in 2023.
Ledgebrook's seed round was led by Brand Foundry Ventures with participation from American Family Ventures and 15 angel investors. The startup's seed funding will allow it to build out the team, technology, and operational infrastructure to launch its first product.
Ledgebrook is a tech-enabled E&S MGA looking to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via their innovative next-gen tech stack. Led by insurance industry veterans, the ultimate vision for Ledgebrook is to become a globally diversified re/insurer built from the ground up with modern technology.
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