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).