Zego , the usage - based insurance company that caters to the sharing industry , has won £ 1.22 m ( $ 2 billion ) in seed funding to develop its cost - underwritten product . The ##ego start - up provides coverage for workers at companies like Deliveroo and Uber , who need insurance on vehicles only when they are using them . Venture capital firm partners led the funding round .
Zego, the usage-based insurance broker that caters to the sharing economy, has won £1.22m ($1.59m) in seed funding to develop its Aviva-underwritten product. The InsurTech start-up provides coverage for workers at companies like Deliveroo and Uber, who need insurance on vehicles only when they are using them. Venture capital firm LocalGlobe led the funding round.