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Hagerty Raises $105 Million In Capital From Strategic Investors

PUBLIC · HGTYJun 23, 2023

Amount Raised

$105 Million

Round Type

Funding Round

Traverse CityAutomotiveInsurance

Investors

The Hagerty FamilyMarkel GroupState Farm

Description

Hagerty, Inc. (NYSE: HGTY), an automotive lifestyle brand and a leading specialty insurance provider focused on the global automotive enthusiast market, today announced that the company is raising $105 million in capital from existing strategic investors including State Farm, Markel Group and the Hagerty family.

Quick answer

Hagerty raised $105 Million in a Funding Round round, dated June 23, 2023. Investors: The Hagerty Family, Markel Group and State Farm. Hagerty is based in Traverse City, Michigan, United States.

How much did Hagerty raise?
Hagerty raised $105 Million in a Funding Round round on June 23, 2023.
Who invested in Hagerty?
The Hagerty Family, Markel Group and State Farm are named as investors in this round.
What does Hagerty do?
Hagerty is an automotive lifestyle brand committed to saving driving and fueling car culture for future generations.
Where is Hagerty based and how big is it?
Hagerty is based in Traverse City, Michigan, United States. Fundz records about 1,645 employees.
Who are the decision-makers at Hagerty?
Fundz holds 1 contact at Hagerty. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Automotive and Insurance around the same time

Companies in the same sectors as Hagerty that raised within 45 days of this round, from Fundz verified event records.

  • Wrisk raised an undisclosed amount on June 27, 2023.
  • Ravin AI raised an undisclosed amount on May 11, 2023.
  • Converge Insurance raised $15M (Series A) on August 1, 2023.
  • Harbinger raised $73M on August 1, 2023.
  • Juno raised $378K (Seed) on July 28, 2023.
  • CompScience raised $10M (Series A) on July 27, 2023.

Who to call at Hagerty, and when

A new round usually means Hagerty is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Hagerty raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Hagerty, from your own LinkedIn network

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Company Information

Company

Hagerty

Location

Traverse City, Michigan, United States

About

Hagerty is an automotive lifestyle brand committed to saving driving and fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the UK and is home to Hagerty Drivers Club, a community of nearly 800,000 who can't get enough of cars. As a purpose-driven organization, Hagerty Impact aims to be a catalyst for positive change across the issues that matter most to our teams, our members, the broader automotive community, our shareholders and the planet at large. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, Twitter and LinkedIn. Investor Contact: Jay Koval, investor@hagerty.comMedia Contact: Andrew Heller, aheller@hagerty.com

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.