London start - up Zego has raised $ 42 m in a series B funding round , one of the largest amounts for a European insurtech to - date . The investment came from investors including Target Global and TransferWise founder Taavet Hinrikus . The proceeds will be used to for Zego’s expansion across Europe and to increase the workforce from 75 to 150. It provides flexible insurance to the ride - hailing and car and scooter - sharing sectors and , via partnerships with Deliveroo , Just Eat and Fresh Eats , covers one - third of the UK 's food delivery market . The latest funding will be used to help the firm expand across Europe .
London start - up Zego has raised $ 42 m in a series B funding round , one of the largest amounts for a European insurtech to - date . The investment came from investors including Target Global and TransferWise founder Taavet Hinrikus . It provides flexible insurance to the ride - hailing and car and scooter - sharing sectors and , via partnerships with Deliveroo , Just Eat and Fresh Eats , covers one - third of the UK 's food delivery market . The latest funding will be used to help the firm expand across Europe .