Total amount raised
$258.6 Million
Latest funding date
08/01/2024
Location
The Zebra has successfully raised a significant amount of funding over 10 rounds, with the latest being a "Venture - Series Unknown" round. The platform offers a comprehensive range of insurance types, including auto, home, renters, life, pet, motorcycle, commercial, and small business insurance.
Keep reading to explore the intricacies of The Zebra's fundraising journey and the investors backing this innovative platform.
What Is The Zebra?
The Zebra, headquartered in Austin, Texas, operates within the insurance, marketplace, price comparison, and search engine industries. Founded in 2012, the company has grown to employ between 251-500 people.
As an online insurance comparison platform, The Zebra provides real-time rates and educational resources for various types of insurance, including auto, home, renters, life, pet, motorcycle, commercial, and small business insurance. The platform simplifies the insurance shopping process by offering side-by-side comparisons of quotes, helping users find the best coverage at the best price.
How Much Funding Has The Zebra Raised?
- Seed Round
- Amount Raised: USD 25,000
- Date: February 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop the initial platform.
- Seed Round
- Amount Raised: USD 1,500,000
- Date: January 2013
- Lead Investors: Silverton Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Seed Round
- Amount Raised: USD 4,500,063
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance user experience.
- Series A
- Amount Raised: USD 17,000,000
- Date: January 2016
- Lead Investors: Ballast Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Series B
- Amount Raised: USD 40,000,000
- Date: September 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and enhance technology infrastructure.
- Series C
- Amount Raised: USD 43,500,000
- Date: February 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expansion efforts, and enhance market presence.
- Series D
- Amount Raised: USD 150,000,000
- Date: April 2021
- Lead Investors: Hedosophia
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To capitalize on the shift to digital platforms, expand product offerings, and enhance brand marketing efforts.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Series Unknown
- Amount Raised: USD 2,100,000
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and expand market reach.
The Zebra has raised a total of USD 258,625,063 with a current valuation of over $1 billion.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have been involved with The Zebra since 2017.
- Investment Focus Areas: Technology, early-stage companies, growth-stage companies.
- Notable Investments: Facebook, Dropbox, Slack, Spotify.
- Hedosophia
- Details: Hedosophia is a London-based investment firm that led The Zebra's Series D funding round. They focus on technology and growth-stage companies.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- Silverton Partners
- Details: Silverton Partners is a venture capital firm that invests in early-stage technology companies. They have been involved with The Zebra since its early funding rounds.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: SailPoint, SpareFoot, WP Engine.
- Ballast Point Ventures
- Details: Ballast Point Ventures is a venture capital firm that focuses on growth equity investments in rapidly growing, privately owned companies. They have been a previous investor in The Zebra.
- Investment Focus Areas: Technology, healthcare, growth-stage companies.
- Notable Investments: MolecularMD, PowerDMS, Vector Solutions.
- Floodgate Fund
- Details: Floodgate Fund is a venture capital firm that focuses on early-stage technology companies. They have been a previous investor in The Zebra.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Twitter, Lyft, Okta.
What's Next for The Zebra?
The Zebra stands poised to capitalize on the burgeoning digital insurance market, with opportunities to expand into homeowners, renters, and life insurance. The company’s recent $150 million funding round will fuel national advertising campaigns and the development of personalized experiences through machine learning, positioning it to become a household name in the insurance industry.
Future fundraising could see The Zebra exploring an IPO, leveraging its strong growth trajectory and increasing market share. However, the company will need to navigate challenges such as maintaining carrier relationships, staying ahead of regulatory changes, and managing rapid growth in a competitive landscape.
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