Ledgebrook Raises $200M in Funding

Ledgebrook, based in Boston, is an AI-native specialty insurance platform that provides underwriting services for complex and custom insurance risks. The company announced it has raised $200 million in a equity funding round to scale its proprietary technology and expand its underwriting capabilities.

Investors

The funding round was co-led by Allianz X, the strategic investment arm of the Allianz Group, and Rockefeller Capital Management. Additional existing and new investors participated in the round.

Ledgebrook Use of Funds

Ledgebrook will use the capital to scale its technology and extend Blackbird, its proprietary AI-native underwriting platform. The investment also supports the company's efforts to scale its approach to U.S. specialty underwriting for mid-sized general liability risks in the excess and surplus market.

About Ledgebrook

Founded in 2022 by Gage Caligaris, Ledgebrook is a specialty insurance platform headquartered in Boston. The company offers a technology-driven approach to underwriting complex insurance needs, utilizing its proprietary AI platform, Blackbird, to read submissions, classify risk, and calculate technical pricing for specialty cover.

Funding Details

Company Website: https://ledgebrook.com

Company: Ledgebrook
Raised: $200M
Round: Equity Financing
Funding Date: October 2026
Lead Investor: Allianz X, Rockefeller Capital Management
Company Website: https://www.ledgebrook.com/
Software Category: Insurtech
Source: https://www.prnewswire.com/news-releases/ledgebrook-raises-usd-200-million-in-primary-equity-financing-co-led-by-allianz-x-to-scale-ai-native-specialty-insurance-platform-302899921.html