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. Sten Saar, CEO and co-founder of Zego, said: “When we built Zego from scratch three years ago, our mission was to transform the insurance sector by creating products which truly reflected the rapidly changing world of transport 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 .
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 .