This morning, Anna Heim and Alex Wilhelm dug into the EU insurtech market, interviewing European VCs and collating the biggest recent rounds to take the temperature of the waters across the pond.
Zego Becomes UK’s 1st Insurtech Unicorn After Fundraising Values Company at $1.1B March 10, 2021
Commercial mobility insurer Zego has become the UK’s first insurtech unicorn after raising $150 million, valuing the company at $1.1 billion. The London-based business will now accelerate the expansion of its product offering across Europe and beyond.
The latest round of funding, and the largest ever raised by a UK-founded insurtech, was led by DST Global and includes other new backers such as General Catalyst, whose founder and managing director, Joel Cutler joins Zego’s board. (Editor’s note: Zego reaches “unicorn” status as a privately held startup company valued at more than $1 billion).