Ledgebrook Inc Completes $65M Series C Funding Round Led by The Stephens Group

Ledgebrook Inc, an Excess and Surplus Lines Insurtech, has successfully concluded an oversubscribed $65m Series C funding round. The round was spearheaded by existing investor The Stephens Group, LLC, a prominent private investment firm. Other existing investors, including Duquesne, Brand Foundry, Floating Point, and American Family Ventures, also participated in the round, along with new investors such as Hummingbird Nomads.

The funding will enable Ledgebrook to expand its team, enhance client-service for wholesale brokers, introduce new insurance products, and take on more risk retention. The company's management and employees will remain the largest shareholders, and Ryan Morrow from Stephens Group will join Ledgebrook's Board of Directors. The investment firm expressed enthusiasm about the partnership and the potential for long-term collaboration. Legal counsels for Ledgebrook and Stephens Group were provided by DLA Piper LLP and Stinson LLP, respectively.

Ledgebrook is a founder-led platform operating in the E+S marketplace, with a focus on building long-term value, while Stephens Group has a strong track record of investments across various industries in the U.S.