Hagerty raises $105mn growth capital from State Farm, Markel and Hagerty family
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Hagerty raises $105mn growth capital from State Farm, Markel and Hagerty family

Jairo Ibarra
June 23, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Hagerty logo Traverse City Michigan.jpg

Classic car MGA Hagerty has raised $105mn from strategic investors, including State Farm, Markel Group and the Hagerty family.

The fundraising includes $80mn of convertible preferred equity, which closed today, as well as $25mn of long-term debt financing for Hagerty Re.

State

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsPersonal autoInvestmentsHagerty
jairo ibarra 2024 ii us 2.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article