Ledgebrook, a Boston-based E&S insurtech startup, has raised $65 million in Series C funding to enhance its market position and expand its operational capabilities.

Target Overview

Ledgebrook is an innovative excess and surplus (E&S) insurtech startup based in Boston that focuses on providing general liability and professional liability insurance. The company collaborates closely with carrier partners to deliver tailored solutions within the E&S insurance market. Ledgebrook has successfully raised a total of over $110 million in funding, including $65 million in its recent Series C funding round led by The Stephens Group, with participation from notable investors such as Duquesne, Brand Foundry, Floating Point, Hummingbird Nomads, and American Family Ventures.

Industry Overview in the United States

The United States has a robust and evolving insurtech landscape, where traditional insurance models meet digital transformation. Insurers are increasingly turning to technology to enhance customer experience, streamline operations, and reduce costs. The E&S market, in particular, has become a focal point for growth, driven by rising demand for specialized insurance solutions that meet the unique risks faced by businesses today.

The dynamics of the E&S sector reflect broader trends in the insurance industry, including increased competition and a push for innovation. Insurtech companies are leveraging adv