Zego operates a digital-first insurance platform designed for modern drivers, delivery riders, and fleet owners. The company offers flexible, usage-based insurance policies that adapt to how, when, and how often vehicles are used, making it especially suitable for gig workers and commercial mobility operators.
Its platform combines real-time data, telematics, and automated underwriting to provide dynamic pricing, fast onboarding, and scalable coverage across multiple vehicle categories.
What Is Zego and What Does It Do?
Zego, founded in 2016, is a London-based insurtech company specializing in usage-based auto insurance for individuals and fleet operators. The company provides insurance coverage for private hire vehicles, couriers, scooters, vans, and commercial fleets through a fully digital platform.
Zego enables customers to obtain instant insurance quotes, manage policies online, and pay only for the coverage they need. The company employs between 201-500 people as of July 2024 and operates across multiple European markets.
How Much Funding Has Zego Raised?
1. Series B
- Amount Raised: $42M
- Lead Investors: DST Global
- Motivation: To scale operations, enhance underwriting technology, and expand into new European markets.
2. Series C
- Amount Raised: $150M
- Date: March 2021
- Lead Investors: DST Global
- Motivation: To support rapid growth, expand fleet insurance products, and strengthen Zego’s data-driven pricing infrastructure.
Total Funding Raised: $282 Million
Current Valuation: $1.1 Billion (as of Mar 2021)
Latest Funding Date: March, 2021
Key Investors
1. DST Global
- Details: A global venture capital firm known for backing category-defining technology companies at growth stages.
- Investment Focus Areas: Technology, fintech, internet platforms.
- Notable Investments: Zego, Stripe, Revolut, Airbnb.
Where Is Zego’s Headquarters?
Zego is headquartered in London, United Kingdom, placing it at the center of Europe’s insurtech and financial services ecosystem with access to talent, regulators, and commercial partners.
What’s Next for Zego?
Zego is expected to deepen its focus on fleet insurance, commercial mobility, and data-led underwriting models. Future growth opportunities include expanding into additional European markets, enhancing telematics-driven pricing, and developing new insurance products tailored to the evolving gig and delivery economy.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Zego. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.