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

Jairo Ibarra
June 23, 2023
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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

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Jairo Ibarra
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