What is Zego?
Founded in 2016 and headquartered in London, UK, Zego operates within the insurtech sector, offering specialized insurance policies tailored for self-employed drivers. The company's innovative approach aims to provide flexible and accessible insurance solutions, addressing a key need within the gig economy and for independent contractors. Zego's consistent access to significant funding rounds, from its early Angel/Seed stage through Series B and C, indicates strong market validation and investor confidence in its business model and expansion potential.
How much funding has Zego raised?
Zego has raised a total of $200.7M across 4 funding rounds:
Angel/Seed
$1.6M
Series A
$7.1M
Series B
$42M
Series C
$150M
Angel/Seed (2017): $1.6M with participation from LocalGlobe
Series A (2017): $7.1M led by LocalGlobe and Balderton Capital
Series B (2019): $42M supported by Target Global, Balderton Capital, and Taavet Hinrikus
Series C (2021): $150M featuring Target Global, Balderton Capital, DST Global, Taavet Hinrikus, General Catalyst, and Latitude
Key Investors in Zego
LocalGlobe
LocalGlobe is an early-stage venture capital firm that has invested in Zego's Seed and Series A funding rounds, indicating a focus on supporting companies from their initial growth phases.
Balderton Capital
Balderton Capital is a prominent European venture capital firm that has participated in Zego's Series A, B, and C funding rounds, signaling a strong belief in the company's long-term scaling potential and market impact.
Target Global
Target Global, a leading pan-European technology investment firm, has been a key backer of Zego, participating in its Series B and C rounds, highlighting their expertise in scaling high-growth tech companies.
What's next for Zego?
With a major strategic investment and a total funding amount of $200.7M, Zego is well-positioned for accelerated growth and market expansion. The company's history of securing significant capital, including a Series C round in March 2021, suggests a focus on scaling operations, enhancing its product offerings, and potentially exploring new geographic markets or customer segments. The consistent backing from prominent venture capital firms points towards an ongoing strategy of innovation and market leadership in the specialized insurance sector.
See full Zego company page
