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 Sep 30, 2026, the latest employee count at Zego is 394.

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 between £10M and £50M 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 3rd amongst 89 active competitors, of which 20 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 and Sten Saar. It operates as a Provider of flexible motor insurance for individual drivers and riders. 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 89 active competitors, including 20 funded and 15 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 riders. Coverage options include policies for private hire taxi drivers, food delivery personnel, and courier services. The business offers insurance for personal vehicles, vans, and learner drivers. Policies utilize telematics technology to monitor driving behavior and adjust premiums based on individual performance. Customers manage their insurance documentation and policy details through a mobile application. Additional coverage options are available for business use, including protection for goods and equipment.

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 & 51 more

Ranked

3^rd among 89 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2022

Employee Count

394 as on Sep 30, 2026

Investment & Acquisitions

Stake & 1 more

Similar Companies

Root & 382 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	Reports
EXTRACOVER HOLDINGS LIMITED CIN: 11187061 , United Kingdom, Active	Feb 04, 2018	£10M - £50M (As on Dec 31, 2022)	-
EXTRACOVER LIMITED CIN: 10128841 , United Kingdom, Active	Apr 17, 2016	-	172 (As on Dec 31, 2020)

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 26 institutional investors and 26 angel investors.

Here is the list of recent funding rounds of Zego:

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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	54.3x	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 and Sten Saar. 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

Zego's Board of Directors

Zego's board has 6 active members. Sten Saar, Rob Moffat and Harry Franks 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	8y 3m
Harry Franks	Team	-	Current	8y 8m
Rob Moffat	Team	-	Current	8y 3m
Taavet Hinrikus	Independent board member	-	Current	7y 4m
Joel Cutler	Independent board member	-	Current	5y 6m
Ben Kaminski	Independent board member	-	Current	7y 4m

View details of Zego's Founder profiles and Board Members

Zego's employee count trend

Zego has 394 employees as of Sep 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 insurance products and financial services for personal vehicles	$161M	Portage, Investec & 57 others	74/100
2nd	Cuvva 2014, London (United Kingdom), Series A	Online usage-based car insurance solutions	$27.2M	LocalGlobe, Techstars & 12 others	68/100
3rd	Zego 2016, London (United Kingdom), Series C	Provider of flexible motor insurance for individual drivers and riders	$310M	TriplePoint Capital, Annox Capital & 50 others	66/100
4th	Flock 2015, London (United Kingdom), Acquired	Provider of an on-demand insurance platform for commercial drone and motor fleets	$60M	Octopus Ventures, Downing & 42 others	63/100
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	63/100
6th	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	55/100
7th	MotorEasy 2016, Reading (United Kingdom), Unfunded	Provider of vehicle protection, maintenance, and repair services	-	-	54/100
8th	Tempcover 2006, Fleet (United Kingdom), Acquired	Provider of an online distribution platform for short-term auto insurance	-	Moulsford Management, Ironbark Capital	50/100
9th	Onsi 2019, London (United Kingdom), Series B	On-demand pay and rewards management platform	$22.6M	Prosus, Zurich & 22 others	47/100
10th	InsureVision 2022, London (United Kingdom), Seed	Provider of computer vision-based solutions for car insurance	$2.7M	State Farm, Rethink Ventures & 1 others	46/100