When was Zego founded?

Zego was founded in 2016 and became a unicorn in 2021.

Where is Zego located?

Zego is headquartered in London, United Kingdom.

Who is the current CEO of Zego?

Sten Saar of Zego. They have also founded 1 company.

Which legal entities is Zego associated with?

Zego is associated with EXTRACOVER HOLDINGS LIMITED and 1 other.

How many employees does Zego have?

As of Mar 31, 2026, the latest employee count at Zego is 361.

Is Zego a funded company?

Zego is a funded company, having raised a total of $282M across 6 funding rounds to date. The company's 1st funding round was a $186K Angel round, raised on Oct 07, 2016.

How much is Zego worth?

The latest valuation of Zego is $1.1B as of Mar 10, 2021.

When was the latest funding round of Zego?

Zego's latest funding was a $150M Series C round on Mar 10, 2021, with participation from 6 investors.

Is Zego a Connected Vehicles company?

The primary sectors of Zego are Connected Vehicles, Auto E-Commerce & Content, Internet First Insurance Platforms and Auto Retail & Aftersales.

Where does Zego rank among its competitors?

Zego ranks 3rd amongst 97 active competitors, of which 18 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was ThingCo, which secured $2.66M in Jul, 2025.

Who are the top competitors of Zego?

Zego's top competitors include Marshmallow, Cuvva and Flock. Among them, ThingCo secured the most recent funding round in July, 2025.

Zego - 2026 Company Profile, Team, Funding, Competitors & Financials

Zego is a series C company based in London (United Kingdom), founded in 2016 by Harry Franks and Sten Saar. It operates as an Usage-based auto insurance solutions for individuals & fleet owners. Zego has raised $282M in funding from investors like Balderton Capital, DST Global and Target Global, with a current valuation of $1.1B. The company has 97 active competitors, including 18 funded and 18 that have exited. Its top competitors include companies like Marshmallow, Cuvva and Flock.

Sectors and market segments that Zego operate in

Zego serves in the Internet of Things - Industry Applications, Auto Tech, FinTech, InsurTech, Auto market segments.The primary business model of Zego are:

Company Details

Usage-based auto insurance solutions for individuals & fleet owners. It offers insurance quotes for private hire, scooter, auto, courier van, kick scooter & fleet owners. It allows users to select insurance & get an online quote through the platform.

Website: www.zego.com/
Social
Email ID: *****@zego.com
Phone Number: +44 **********

Key Metrics

Founded Year

2016

Location

London, United Kingdom

Stage

Series C

Total Funding

$282M in 6 rounds

Latest Funding Round

Series C, Mar 10, 2021, $150M

Post Money Valuation

$1.1B as on Mar 10, 2021

Investors

Balderton Capital & 49 more

Ranked

3^rd among 97 active competitors

Employee Count

361 as on Mar 31, 2026

Investment & Acquisitions

Stake & 1 more

Similar Companies

Cuvva & 474 more

View Zego's full profile

Zego is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
EXTRACOVER LIMITED CIN: 10128841 , United Kingdom, Active	Apr 17, 2016	-	172 (As on Dec 31, 2020)
EXTRACOVER HOLDINGS LIMITED CIN: 11187061 , United Kingdom, Active	Feb 04, 2018	-	-

Zego has raised a total funding of $282M over 6 rounds. Its first funding round was on Oct 07, 2016. Its latest funding round was a Series C round on Mar 10, 2021 for $150M. 6 investors participated in its latest round. Zego has 24 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Zego:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 10, 2021	$150M	Series C	$1.1B	56.5x	DST Global	General Catalyst, Target Global, Balderton Capital, Latitude, Socii Capital
Jun 18, 2019	$42M	Series B	-	-	Target Global	Taavet Hinrikus, Balderton Capital, Tom Stafford
Jan 08, 2019	Undisclosed	Venture Debt	-	-	-	TriplePoint Capital

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View details of Zego's funding rounds and investors

The founders of Zego are Harry Franks and Sten Saar. Sten Saar is the CEO of Zego.

Here are the details of Zego's key team members:

Harry Franks: Co-Founder of Zego. They serve on the board of 1 company.
Sten Saar: Co-Founder & COO of Zego. They serve on the board of 1 company.
Contact Info: 1 email address

Zego's Board of Directors

Zego's board has 5 active members. Harry Franks, Sten Saar and Rob Moffat are part of team and Joel Cutler and Ben Kaminski are independent board members.

Here is the list of Zego's board of directors:

Name	Type	Representing	Status	Duration
Harry Franks	Team	-	Current	8y 1m
Sten Saar	Team	-	Current	7y 8m
Rob Moffat	Team	-	Current	7y 8m
Joel Cutler	Independent board member	-	Current	4y 11m
Ben Kaminski	Independent board member	-	Current	6y 9m

View details of Zego's Founder profiles and Board Members

Zego's employee count trend

Zego has 361 employees as of Mar 26. Here is Zego's employee count trend over the years:

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Top competitors of Zego include Marshmallow, Cuvva and Flock. Here is the list of Top 10 competitors of Zego, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Marshmallow 2017, London (United Kingdom), Series C	App-based auto insurance platform for individuals	$161M	Investec, Portage & 51 others	78/100
2nd	Cuvva 2014, London (United Kingdom), Series A	Online usage-based car insurance solutions	$27.2M	LocalGlobe, Techstars & 11 others	75/100
3rd	Zego 2016, London (United Kingdom), Series C	Usage-based auto insurance solutions for individuals & fleet owners	$282M	TriplePoint Capital, Blossom Capital & 48 others	70/100
4th	Flock 2015, London (United Kingdom), Acquired	Provider of an on-demand insurance platform for commercial drone and motor fleets	$60M	Anthemis Group, Octopus Ventures & 42 others	68/100
5th	Octo Telematics 2002, Rome (Italy), Acquired	Provider of telematics and data analytics solutions for the insurance and connected mobility sectors	-	Keensight Capital, Tamburi Investment Partners ... & 4 others	65/100
6th	Webfleet 1991, Amsterdam (Netherlands), Unfunded	Provider of cloud-based fleet management software	-	-	62/100
7th	Humn.ai 2017, London (United Kingdom), Acquired	Online platform offering AI-powered solutions for insurance and fleet management	$27.1M	Shell, BXR Group & 9 others	62/100
8th	By Miles 2016, London (United Kingdom), Acquired	App-based insurance platform for auto insurance	$27M	Hambro Perks, JamJar Investments & 28 others	60/100
9th	Ticker 2004, Godalming (United Kingdom), Series B	Provider of connected motor insurance for various driver profiles	$22.9M	Munich Re Ventures, Eos Venture Partners & 1 others	57/100
10th	ThingCo 2018, London (United Kingdom), Series A	Provider of an AI & cloud-driven telematics solution	$6.74M	BGL Group, Bhl Uk Holdings Ltd & 8 others	56/100