Ledger Investing Raises $75M in Series B Funding to Democratize Insurance Venture Capital – InsuranceNewsNet


Toronto, Ontario, June 24 — The Ontario Teachers’ Pension Plan issued the following press release June 22, 2022:

Ledger Investing, an InsurTech startup, today announced that it has raised $75 million in a Series B financing led by WestCap, with participation from Teachers’ Venture Growth and Intact Venturesand previous investors: SignalFire, Mass Mutual Ventures, Allégis Capital, and Accel. Ledger Investing will use the funds to accelerate revenue growth in its brokerage and insurance-linked security asset management (ILS) businesses, launch data infrastructure services products and hire more than 200 employees.

Ledger Investing is a marketplace linking insurance risk to capital. He successfully extended ILS to WE property and casualty insurance market by delivering unprecedented data transparency, simplified reinsurance structures and uncorrelated returns for institutional investors. Ledger Investing placed more than $400 million as a premium in capital markets, and is on track to exceed $1 billion by the end of the year. Managing General Agents (MGAs) and insurance companies have leveraged the market for multi-year underwriting capacity and access to alternative capital, unlocking additional value. Ledger Investing has provided institutional investors with attractive and diversified risk-adjusted returns through its ILS fund, Nanorock, and direct investments in traded securitizations.

As Ledger grows, the market will serve virtually all types of risk and insurance capital, encompassing traditional reinsurers, institutional investors, wealth managers and accredited retail investors. Ledger Investing’s unified data pipeline, Ledger Connect, will power the market with real-time actionable insights and rich analytics for risk originators as well as investors, setting the new market standard.

“We are well on our way to creating a trillion dollar asset class and changing the fundamentals of how insurance risk is linked to capital since the dawn of the (re)insurance industry” , said Samir Shah, CEO of Ledger Investing. “We have put in place a sophisticated risk and capital infrastructure to address the structural failure of the industry to provide relevant and reliable information to providers of capital. Our technology benefits all stakeholders by bringing greater efficiency and transparency to every transaction.

The company addresses the biggest challenges that have historically impeded innovation in the insurance and capital markets:

* Institutional investors have long been attracted to property and casualty insurance, but have been handicapped by the opacity of risk, the unreliable nature of data and convoluted transaction structures.

* Insurance capital is ineffective. All other financial sectors have successfully used securitization to access large pools of capital and eliminate unnecessary friction costs, turning consumer credit, mortgages, real estate and other cash flows into class d investable assets. Insurance comes next.

* Insurance data is analog, disparate, fragmented and tailored. The industry is hungry for smooth, standardized, real-time data and integrations. “Ledger Investing brings essential transparency and automation to risk transfer,” said Jeff Mullen, a partner at WestCap, who will join the board of directors of Ledger Investing. “With its leading open data platform, powerful analytics, and objective pricing models, Ledger is uniquely positioned to drive transformational change by creating new capital opportunities for MGAs and insurers, as well as a brand new asset class for many investors.” This pivotal Series B funding round will fuel the company’s exponential growth and support its mission to transform the funding structure of the entire insurance industry. The company is actively seeking innovative software engineers, data scientists and sales professionals to join the team.

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Original text here: https://www.otpp.com/en-ca/about-us/news-and-insights/2022/ledger-investing-raises–75-million-in-series-b-funding-to -democ/


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