Greater Boston, United States - Ledgebrook, an InsurTech MGA, announced today that it has successfully raised $4.6 million in funding in a round led by Brand Foundry Ventures and American Family Ventures. The funding will enable Ledgebrook to bring Specialty insurance into the modern era and compete with legacy carriers in product lines and markets across the globe.

Ledgebrook was founded by Gage Caligaris, an insurance industry veteran with decades of experience. The company aims to revolutionize the insurance industry by introducing innovative technology and processes that will enable it to keep pace with the speed of innovation seen in other sectors. Ledgebrook is positioning itself at the cutting edge of the next generation of InsurTech by offering the best of both worlds: innovative world-class technology deployed by a leadership team armed with decades of insurance expertise.

The funding will enable Ledgebrook to build its premium base by rolling out a new Specialty product every six months until it proves enough traction to raise a balance sheet, become a full stack carrier, and eventually compete in the reinsurance markets as well. Its initial product will be domestic primary and excess GL E&S policies sourced via wholesale brokers.

"We're thrilled to have secured this funding, which will enable us to execute our long-term vision of becoming a diversified full stack Specialty re/insurer," said Gage Caligaris, founder of Ledgebrook. "Our mission is to modernize the industry, and to do that, we must first succeed in changing the way we do business. Talent density is our north star—fewer, better people working together as one. We've replaced all individual incentives with generous equity packages, so we play as a team, and we win as a team. Everyone benefits handsomely from Ledgebrook's success."

For more information on Ledgebrook and its plans, please visit their website at www.ledgebrook.com