Zego Overview
- Year Founded
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2016
- Status
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Private
- Employees
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392
- Latest Deal Type
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Later Stage VC
- Investors
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18
Zego General Information
Description
Developer of an on-demand insurance platform designed to offer a range of flexible professional and commercial insurance options for vehicle owners. The company's platform provides pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, enabling customers to get more flexibility than traditional insurers, with pricing based on usage data from vehicles.
Contact Information
Website
www.zego.comCorporate Office
- Second Floor, 30-40 Eastcheap
- London EC3M 1HD
- England, United Kingdom
Corporate Office
- Second Floor, 30-40 Eastcheap
- London EC3M 1HD
- England, United Kingdom
Zego Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC | 08-Oct-2026 | Completed | Profitable | |||
| 5. Later Stage VC (Series C) | 09-Mar-2021 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 18-Jun-2019 | Completed | Generating Revenue | |||
| 3. Early Stage VC (Series A) | 25-Jan-2018 | Completed | Generating Revenue | |||
| 2. Seed Round | 22-Feb-2017 | $1.53M | $1.73M | Completed | Generating Revenue | |
| 1. Angel (individual) | 07-Oct-2016 | $195K | $195K | Completed | Startup |
Zego Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| C Preferred | ||||||||
| Drivit Preferred | ||||||||
| B Preferred | ||||||||
| B Preferred | 393,080 | $0.000139 | $8.07 | $8.07 | $8.07 | 2.45% | ||
| A Preferred | 76,742 | $0.000139 | $3.55 | $3.55 | $3.55 | 0.48% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Zego Comparisons
Industry
Financing
Details
Zego Competitors (14)
One of Zego’s 14 competitors is INSHUR, a Private Equity-Backed company based in New York, NY.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| INSHUR | Private Equity-Backed | New York, NY | ||||
| Clearcover | Venture Capital-Backed | Chicago, IL | ||||
| Marshmallow | Venture Capital-Backed | London, United Kingdom | ||||
| Virado | Private Equity-Backed | Dortmund, Germany | ||||
| CoverHound | Formerly VC-backed | Carlsbad, CA |
Zego Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Zego Patents
Zego Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| FR-858736-A | Device for protection against harmful gases | Inactive | 02-May-1939 | ||
| FR-854200-A | Anti-fog product | Inactive | 22-Dec-1938 |
Zego Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Zego Investors (18)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Explorer Investments | PE/Buyout | Minority | ||
| Indico Capital Partners | Venture Capital | Minority | ||
| Sompo Holdings | Holding Company | Minority | ||
| Annox Capital | Venture Capital | Minority | ||
| DST Global | Venture Capital | Minority |
Zego Acquisitions (1)
Zego’s most recent deal was a Merger/Acquisition with Drivit. The deal was made on 09-Dec-2020.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Drivit | 09-Dec-2020 | Merger/Acquisition | Application Software |
Zego Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Drivit | Lisbon, Portugal | 1996 |
Zego FAQs
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When was Zego founded?
Zego was founded in 2016.
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Where is Zego headquartered?
Zego is headquartered in London, United Kingdom.
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What is the size of Zego?
Zego has 392 total employees.
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What industry is Zego in?
Zego’s primary industry is Automotive Insurance.
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Is Zego a private or public company?
Zego is a Private company.
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What is Zego’s current revenue?
The current revenue for Zego is .
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How much funding has Zego raised over time?
Zego has raised $282M.
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Who are Zego’s investors?
Explorer Investments, Indico Capital Partners, Sompo Holdings, Annox Capital, and DST Global are 5 of 18 investors who have invested in Zego.
-
Who are Zego’s competitors?
INSHUR, Clearcover, Marshmallow, Virado, and CoverHound are some of the 14 competitors of Zego.
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