# Ledgebrook

> AI-native specialty insurance underwriting platform for wholesale brokers

## Why it is interesting

Ledgebrook is testing whether software and AI can improve the speed and consistency of complex commercial-insurance underwriting without removing experienced human judgment. Its simultaneous equity financing and Allianz Re relationship also show how insurance startups must secure both corporate capital and risk capacity.

## Profile

- **Latest funding:** Primary equity financing — $200M (October 7, 2026)
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** $315M
- **Stage:** growth
- **Status:** private
- **Industries:** fintech, ai-ml, enterprise-saas
- **Coverage:** full
- **Last updated:** 2026-10-07T20:30:00Z
- **Latest funding investors:** Allianz X, Rockefeller Capital Management

## Key facts

- Raised $200 million of primary equity in October 2026
- Approaching $1 billion of cumulative written premium, according to the company
- Signed a separate multiyear reinsurance agreement with Allianz Re

## Funding history

- Primary equity financing · $200M · October 7, 2026
  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
- Series C · $65M · June 20, 2025
  Source: https://www.ledgebrook.com/press-release/ledgebrook-announces-series-c-funding-round
- Series B · $17M · September 12, 2024
  Source: https://www.axios.com/newsletters/axios-pro-rata-a4b2ef67-9ac2-44ca-adad-02440f9f0ce6
- Series A · $24M · March 28, 2024
  Source: https://forgeglobal.com/ledgebrook_ipo/
- SAFE · $4.6M · April 25, 2023
  Source: https://www.prnewswire.com/news-releases/insurtech-ledgebrook-raises-4-6m-safe-to-scale-flagship-gl--supported-xs-offering-and-develop-additional-products-301804865.html
- Seed · $4.2M · August 16, 2022
  Source: https://www.prnewswire.com/news-releases/insurtech-ledgebrook-raises-4-2m-to-provide-a-best-in-class-quoting-experience-to-wholesale-brokers-301605818.html

## Investors in our directory

- https://venturecapitaltracker.com/fund/allianz-x
- https://venturecapitaltracker.com/fund/rockefeller-capital-management

## Related articles

- https://venturecapitaltracker.com/2026-ledgebrook-200m-primary-equity-ai-insurance

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** October 7, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/ledgebrook