Ledgebrook, a Boston, MA-based insurtech managing general agent (MGA) for wholesale brokers, raised $4.6M in funding.
The round was led by Brand Foundry Ventures alongside American Family Ventures and 15 angel investors.
The company intends to use the funds to build out the team, technology, and operational infrastructure to launch its first product.
Founded in March 2022 by CEO Gage Caligaris, Ledgebrook is a tech-enabled E&S MGA looking to provide a streamlined quoting experience to wholesale brokers while delivering pricing and risk selection via their tech stack. The company plans to start by launching an 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.
