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