USA – Ledger Investing, a New York-based InsurTech startup, raised $75M in Series B funding.
The round was led by WestCap, with participation from Teachers’ Venture Growth, Intact Ventures, SignalFire, MassMutual Ventures, Allegis Capital, and Accel.The company intends to use the funds to accelerate revenue growth across its insurance-linked security (ILS) brokerage and asset management businesses, launch data infrastructure service products, and hire more than 200 employees.Led by CEO Samir Shah, Ledger Investing is an insurance tech startup providing a marketplace connecting insurance risk with capital. Managing General Agents (MGAs) and insurance carriers have leveraged the marketplace for multi-year underwriting capacity and access to alternative capital. Ledger Investing has enabled institutional investors to achieve attractive and diversifying, risk-adjusted yields through its ILS fund, Nanorock, and from direct investments in brokered securitizations.As Ledger grows, the marketplace will serve virtually all types of insurance risks and capital, encompassing traditional reinsurers, institutional investors, wealth managers, and accredited retail investors. Its unified data pipeline, Ledger Connect, will power the marketplace with real-time, actionable insights and rich analytics for risk originators as well as investors, establishing the new market standard.23/06/20222
