Loading organizations...
Zego has raised $282.0M across 5 funding rounds.
Key people at Zego.
Zego was founded in 2003 by Jamie Rabinowitz (Founder (OCIUS)).
Zego has raised $282.0M in total across 5 funding rounds.
Zego offers flexible commercial motor insurance, adapting to modern driving and working patterns. The company provides policies for personal use, private hire, and various delivery services, leveraging telematics to assess behavior. This enables usage-based insurance, ensuring pricing accurately reflects individual risk and actual usage, departing from rigid traditional models.
Founded in 2016 by Sten Saar, Harry Franks, and Stuart Kelly, Zego emerged from the insight that conventional insurance poorly served the flexible workforce. The founders, with experience from Onefinestay and Deliveroo, identified a clear need for adaptable coverage, driving the development of dynamic on-demand products.
Zego serves individual drivers, taxi operators, and delivery professionals across diverse platforms. Its mission is to make insurance more equitable and affordable for responsible drivers. The company aims to innovate, aligning offerings with future mobility trends and supporting businesses within the evolving economy.
Zego is a London-based insurtech company founded in 2016, specializing in flexible, data-driven motor insurance for gig economy workers, professional drivers, and fleets, including pay-as-you-go policies from minute-to-minute coverage.[1][3][4] It serves self-employed individuals and businesses in sectors like food delivery, private hire, and couriers—insuring about half of the UK's food delivery drivers and riders, with over 14 million policies sold and protection for more than 200,000 vehicles—solving the problem of rigid, expensive traditional insurance by offering affordable, usage-based alternatives that reduce risk and enhance security for flexible workers.[2][3] Zego has raised $734 million in funding, generates $50-100 million in annual revenue, and employs 201-500 people, positioning it as a market leader in UK insurtech with expansion into Europe.[3][4]
Zego was founded in 2016 in London to address gaps in commercial insurance for the gig economy, emerging from the recognition that traditional policies were ill-suited for self-employed drivers and businesses needing on-demand coverage.[1][3] Key early traction came from pioneering pay-as-you-go insurance for delivery drivers, quickly capturing over a third (and later half) of the UK food delivery market, fueled by a 2019 Series B raise of $42 million to expand into Spain, Ireland, and beyond while building smarter products.[2][3] The company evolved from gig worker focus to broader enterprise offerings, including telematics-based policies and social/domestic/pleasure car insurance by 2024-2025, backed by investors and a tech-savvy team.[3][4]
(Note: Distinct from unrelated entities like Zego LLC, a US food products B Corp, or GoZego, a property management firm.[5][6][7])
Zego rides the explosive growth of the gig economy and new mobility trends, where freelance work in delivery and ride-hailing demands flexible insurance amid rising vehicle usage and regulatory shifts toward data-driven risk assessment.[1][2][3] Timing is ideal post-2016, aligning with platform economy booms (e.g., Uber, Deliveroo) and insurtech digitization, amplified by Europe's fragmented markets ripe for scalable tech solutions.[3] Favorable forces include telematics advancements for precise pricing, investor appetite ($734M raised), and socio-economic needs for gig worker protection, positioning Zego to influence standards in usage-based insurance and enterprise fleet management across Europe.[3][4]
Zego is primed to solidify as Europe's go-to insurtech for data-driven motor insurance, expanding usage-based products to more countries, vehicle types, and mobility innovators while leveraging its UK dominance for global enterprise scale.[3] Trends like AI-telematics integration, EV adoption, and gig work normalization will propel growth, potentially evolving its influence toward comprehensive mobility ecosystems and policy innovation. This builds on its mission to make insurance accessible and loved, transforming risk management for a flexible workforce.[1][3]
Zego was founded in 2003 by Jamie Rabinowitz (Founder (OCIUS)).
Zego has raised $282.0M in total across 5 funding rounds.
Zego's investors include Kevin Hartz, ACME Capital, Afore Capital, Altari Ventures, Andreessen Horowitz, Broadway Angels, Capital Factory, Dragoneer Investment Group, DST Global, Endeavor Catalyst, Scott Hartley, Founders Fund.
Key people at Zego.
Zego has raised $282.0M across 5 funding rounds. Most recently, it raised $80.0M Series C in December 2021.
