Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation

11 Mar, 2021

Zego, the tech-enabled commercial motor insurer, raises $150M at $1.1B valuation
Photo by Matthew Fournier on Unsplash

– Zego, an insurtech that got its start by offering flexible motorbike insurance for gig economy workers but has since expanded with a range of tech-enabled commercial motor insurance products, has raised $150m.
– The funding round was led by DST Global and joined by General Catalyst, whose founder and MD, Joel Cutler, joins Zego’s board.
– Notable investors include Wise’s Taavet Hinrikus, who is also on the Zego board, and Target Global, Balderton Capital and Latitude.
– The insurance company says it will use the funding to “rapidly expand across Europe and beyond”.
– It will also double its workforce, which currently stands at 265 employees, to over 500 employees by the end of 2021, and continue to invest in technology.

Auto Insurance Commercial Insurance Europe Finance FinTech Insurance InsurTech Professional Services Small and Medium Businesses
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