Latest round

Series C

Last raised

Mar 2021

Total raised

$257M

Investors

8

About Zego

Based in London, UK, and founded in 2016, ExtraCover Limited, trading under the name Zego, provides insurance products for drivers and riders that work at shared economy firms. The company was founded by Harry Franks, Sten Saar, and Stuart Kelly. The company's line of products includes; private hire insurance, scooter insurance, car insurance, courier van insurance, and cyclist insurance, as well as fleet and new mobility insurance - catering to both business and personal use. Notable partnerships with platforms like Uber, Deliveroo, Just Eat, Amazon Flex, and Bolt allow seamless integration of Zego's coverage into gig economy workflows. Its signature product, Sense Telematics, uses app-based driver behaviour scoring to reward safe driving with potential policy discounts, eliminating the need for physical black boxes. With over 71 million policies sold and more than 480,000 drivers covered as of May 2025, Zego generates revenue through policy sales, tailored add-ons, and embedded platform partnerships.

Who invested in Zego

8 investors across 5 rounds

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Funding rounds

  1. Series C

    Mar 12, 2021

    Amount

    $206M

    Investors

    Locked

  2. Series B

    Jun 17, 2019

    Amount

    $42M

    Investors

    Locked

  3. Series A

    Oct 31, 2017

    Amount

    $7.8M

    Investors

    Locked

  4. Seed

    Dec 19, 2016

    Amount

    $1.5M

    Investors

    Locked

  5. Seed

    Oct 7, 2016

    Amount

    $0.2M

    Investors

    Locked

Questions about Zego

Who invested in Zego?

Zego has 8 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Zego raised?

Zego has raised 5 venture rounds. Sign up free to see how much each round raised and the total.

When did Zego last raise money?

Zego's most recent round on record is a Series C, in Mar 2021.

What does Zego do?

Based in London, UK, and founded in 2016, ExtraCover Limited, trading under the name Zego, provides insurance products for drivers and riders that work at shared economy firms.

Where is Zego headquartered?

Zego is headquartered in London, UK.

Which VCs invest in companies like Zego?

Among active investors with capital left to deploy, Mundi Ventures, Apis Partners, 7RIDGE and Mouro Capital back insurance companies at Zego's stage. Their profiles are linked below.

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