Insurtech Ledger Investing has raised $75 million in Series B funding in a round led by Westcap. Additional investors include Teachers’ Venture Growth and Intact Ventures, and previous investors: SignalFire, MassMutual Ventures, Allegis Capital, and Accel.
Ledger Investing is a marketplace for investor and insurance risk. Ledger Investing reports that it has placed over $400 million in premium into the capital markets, and is on track to exceed $1 billion by the end of the year.
Ledger Investing aims to enable institutional investors to diversify while generating non-correlated returns.
Samir Shah, CEO of Ledger Investing, commented:
“We are well on our way to creating a trillion dollar asset class and changing the fundamentals of how insurance risk has connected to capital since the dawn of the (re)insurance industry. We have built sophisticated risk and capital infrastructure to address the industry’s structural inability to provide insightful and reliable information to capital providers. Our technology benefits all stakeholders by bringing greater efficiency and transparency to every transaction.”
Jeff Mullen, Partner at WestCap, will be joining the Ledger Investing Board of Directors. Mullen said that Ledger Investing was uniquely positioned to create new opportunities for both insurers and investors.