InsurTech Futures: Zego to double workforce after raising $42m
Broker says one of the largest funding rounds for a European start-up will see it move into new territories and expand its bases in the UK, Ireland and Spain.
London-based InsurTech broker Zego has raised $42m (£33.5m) in what it said was one of the largest funding rounds for a European start-up.
The business explained that the money will be used to fund its expansion across Europe, as well as build on its current operations in the UK, Ireland and Spain. It also plans to double its workforce.
The investment round was led by Target Global, an investment firm specialising in the Fintech and mobility space, with other backer including TransferWise
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