The problem
Brokers wait weeks for quotes on complex, hard-to-place commercial liability risks and lose deals meanwhile
What they do
AI-native specialty (E&S) insurer for mid-sized businesses, sold through wholesale brokers
Traction On track for $1B cumulative premium since 2023; $100M premium run rate hit in 19 months
Hiring trend
- Open roles
- 37
- Ops roles
- 4
- Headcount
- ~300
Headcount ~126 → ~274 Q1 2025 to Q1 2026 (Revelio, +117%); ~300 per company Oct 2026; postings +118% in 2026
Latest news
Oct 2026
Raised $200M primary-equity Series D at ~$2.6B; Allianz Re adds multi-year reinsurance deal ↗Glassdoor
5.0 ★ 6 reviews ↗Funding
- Last round
- $200M
- Stage
- Series D
- Date
- Oct 2026
Led by Allianz X, Rockefeller Capital Management
- Hiring+237 open roles on the live job board (30+ roles = +2)
- Funding recency+2Series D · $200M, Oct 2026 (this month): 6 months or less = +1.5, $100M+ round +0.5
- Traction+1.5Strong growth: On track for $1B cumulative premium since 2023; $100M premium run rate hit in 19 months
- Red flags0None found in the last 24 months
- Total5.52 + 2 + 1.5 − 0 = 5.5 → Sprint (4.75 or more)
Distance (10K) is a separate read on how long the lead can last. It doesn't change the score.
Distance
10K · edge: learns from use
Fast-growing tech-led E&S writer with its own A- rated carriers and Allianz capacity, but a small follower behind Kinsale, Markel and W.R. Berkley, and its long-tail casualty book has no published loss ratios yet.
Sources: Fortune: Ledgebrook $200M Series D, ~$2.6B valuation, ~300 staff (Oct 2026) ↗ · Teardown: Ledgebrook competitive set and skeptic case, no public loss ratios (Jul 2026) ↗ · Ledgebrook: $200M raise, AM Best A- carrier, ~$1B cumulative premium (Oct 2026) ↗
Last checked Oct 19, 2026