What is Zego?
Zego operates within the insurtech industry, offering specialized insurance policies tailored for self-employed drivers. This niche focus addresses a critical need in the gig economy, providing flexible and appropriate coverage for individuals who may not fit traditional insurance models. The company's commitment to innovation in insurance solutions positions it as a key player in adapting to evolving workforces and transportation landscapes.
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 Balderton Capital and LocalGlobe
Series B (2019): $42M supported by Taavet Hinrikus, Target Global, and Balderton Capital
Series C (2021): $150M featuring General Catalyst, Taavet Hinrikus, Target Global, Balderton Capital, Latitude, and DST Global
Key Investors in Zego
Balderton Capital
Balderton Capital is a prominent London-based venture capital firm that focuses on early-stage, high-growth technology companies across Europe, often leading Seed and Series A rounds to support founders through global scaleup.
Target Global
Target Global is a leading pan-European technology investment firm with over 3 billion in assets under management, investing across all stages from pre-seed to pre-IPO and backing notable tech companies like Revolut and Delivery Hero.
General Catalyst
General Catalyst is a venture capital firm that supports transformational business opportunities across multiple sectors and stages, partnering with entrepreneurs to accelerate growth and build enduring enterprises.
What's next for Zego?
With the recent influx of major strategic investment, Zego is poised for accelerated growth and market penetration. The substantial capital infusion, indicated by $150M, suggests a strategic push towards scaling operations, enhancing technological capabilities, and potentially expanding its product offerings or geographical reach. This funding round, following its enterprise-level backing, signals strong investor confidence in Zego's business model and its potential to disrupt the insurance market for gig economy workers.
See full Zego company page
