# Zego

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zego

- Industry: Insurance
- Headquarters: London, UK
- Website: www.zego.com
- Total disclosed funding: $257M
- Latest round: Series C (Mar 12, 2021)
- Investors on record: 8

## About

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. In March 2021, ExtraCover Limited raised GBP 147.77 million in series C funding co-led by investors DST Global and General Catalyst Partners, with participation from other investors Balderton Capital, Latitude, Socii Capital, and Target Global.

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.

## Funding rounds

- Series C, Mar 12, 2021, $206M — General Catalyst Partners, Balderton Capital, DST Global, Target Global, Latitude, Socii Capital
- Series B, Jun 17, 2019, $42M — Balderton Capital, Target Global, Socii Capital
- Series A, Oct 31, 2017, $7.8M — Balderton Capital, LocalGlobe
- Seed, Dec 19, 2016, $1.5M — LocalGlobe
- Seed, Oct 7, 2016, $0.2M — Isfield Investments

## Investors

- Isfield Investments (https://capitalatlas.ai/funds/isfield-investments) — Seed
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed, Series A
- Balderton Capital (https://capitalatlas.ai/funds/balderton-capital) — Series A, Series B, Series C
- Target Global (https://capitalatlas.ai/funds/target-global) — Series B, Series C
- Socii Capital (https://capitalatlas.ai/funds/socii-capital) — Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series C
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C
- Latitude (https://capitalatlas.ai/funds/latitude) — Series C