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 Apr 30, 2026, the latest employee count at Zego is 367.

Is Zego a funded company?

Zego is a funded company, having raised a total of $310M across 7 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 $28M Series C round on Apr 16, 2026, with participation from 1 investor.

What is the annual revenue of Zego?

Annual revenue of Zego is £13.2M as on Dec 31, 2022.

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 4th amongst 105 active competitors, of which 23 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Zego, which secured $28M in Apr, 2026.

Who are the top competitors of Zego?

Zego's top competitors include Marshmallow, Cuvva and Flock. Among them, Zego secured the most recent funding round in April, 2026.

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

Zego is a series C company based in London (United Kingdom), founded in 2016 by Stuart Kelly, Sten Saar and Harry Franks. It operates as a Provider of flexible insurance policies for drivers and delivery workers. Zego has raised $310M in funding from investors like Balderton Capital, DST Global and Target Global, with a current valuation of $1.1B. The company has 105 active competitors, including 23 funded and 19 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

Provider of flexible insurance policies for drivers and delivery workers. Coverage options include telematics-based car insurance, private hire taxi insurance, and policies for van operators. The offerings extend to delivery insurance for individuals using cars, scooters, or motorbikes for food and parcel transport. Policies are available for learner drivers and business owners requiring protection for their vehicles and goods. The insurance structure allows for usage-based adjustments to accommodate different work and personal driving requirements.

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

$310M in 7 rounds

Latest Funding Round

Series C, Apr 16, 2026, $28M

Post Money Valuation

$1.1B as on Mar 10, 2021

Investors

Balderton Capital & 50 more

Ranked

4^th among 105 active competitors

Annual Revenue

£13.2M as on Dec 31, 2022

Employee Count

367 as on Apr 30, 2026

Investment & Acquisitions

Stake & 1 more

Similar Companies

Cuvva & 443 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	$16.3M (As on Dec 31, 2022)	-

Zego has raised a total funding of $310M over 7 rounds. Its first funding round was on Oct 07, 2016. Its latest funding round was a Series C round on Apr 16, 2026 for $28M. 1 investor participated in its latest round. Zego has 25 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
Apr 16, 2026	$28M	Series C	-	-	-	Sompo Holdings
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

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View details of Zego's funding rounds and investors

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

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

Stuart Kelly: Former Co-Founder of Zego. They are also an angel investor in 1 startup.
Sten Saar: Co-Founder & CEO of Zego and founder of 1 other company. They serve on the board of 1 company.
Contact Info: 2 email addresses
Harry Franks: Co-Founder of Zego. They serve on the board of 1 company.
Contact Info: 1 email address

Zego's Board of Directors

Zego's board has 6 active members. Sten Saar, Harry Franks and Rob Moffat are part of team and Taavet Hinrikus, Joel Cutler and Ben Kaminski are independent board members.

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

Name	Type	Representing	Status	Duration
Sten Saar	Team	-	Current	7y 10m
Harry Franks	Team	-	Current	8y 3m
Rob Moffat	Team	-	Current	7y 10m
Taavet Hinrikus	Independent board member	-	Current	6y 11m
Joel Cutler	Independent board member	-	Current	5y 1m
Ben Kaminski	Independent board member	-	Current	6y 11m

View details of Zego's Founder profiles and Board Members

Zego's employee count trend

Zego has 367 employees as of Apr 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	Provider of motor vehicle insurance policies for car and van	$161M	Investec, Portage & 52 others	77/100
2nd	Cuvva 2014, London (United Kingdom), Series A	Online usage-based car insurance solutions	$27.2M	Techstars, LocalGlobe & 11 others	75/100
3rd	Flock 2015, London (United Kingdom), Acquired	Provider of an on-demand insurance platform for commercial drone and motor fleets	$60M	London Co-Investment Fund, Anthemis Group ... & 42 others	68/100
4th	Zego 2016, London (United Kingdom), Series C	Provider of flexible insurance policies for drivers and delivery workers	$310M	TriplePoint Capital, DST Global & 49 others	65/100
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	62/100
6th	Webfleet 1991, Amsterdam (Netherlands), Unfunded	Provider of cloud-based fleet management software	-	-	62/100
7th	Ticker 2004, Godalming (United Kingdom), Series B	Provider of connected motor insurance for various driver profiles	$22.9M	Munich Re Ventures, Eos Ventures & 1 others	57/100
8th	By Miles 2016, Bromley (United Kingdom), Acquired	Provider of motor insurance policies priced by actual distance driven	$27M	Hambro Perks, JamJar Investments & 28 others	57/100
9th	Greater Than 2004, Stockholm (Sweden), Public	Provider of AI-powered platform for road safety and climate impact	-	Virala, Nidoco & 2 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