Total amount raised
$258.6 Millions
Latest funding date
Location
The Zebra has successfully raised funds through multiple rounds, with the latest being a Series Unknown round where they secured $2,100,000. The platform offers a comprehensive insurance comparison tool, providing personalized quotes from over 100 insurance companies.
With 15 investors backing the company, The Zebra continues to innovate in the insurance comparison market. Keep reading to explore the intricacies of The Zebra's fundraising journey and the investors supporting this dynamic platform.
What Is The Zebra?
The Zebra, founded in 2012 by Adam Lyons and Joshua Dziabiak, is an online insurance comparison platform based in Austin, Texas. The company operates within the insurance, marketplace, price comparison, and search engine industries.
With a workforce of 251-500 employees, The Zebra offers real-time rates and educational resources for various types of insurance, including car and home insurance. The platform aims to simplify the process of finding and purchasing insurance by providing transparent and easy-to-understand options.
How Much Funding Has The Zebra Raised?
- Seed Round
- Amount Raised: $25K
- Date: February 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and launch the business.
- Seed Round
- Amount Raised: $1.5M
- Date: January 2013
- Lead Investors: Silverton Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Seed Round
- Amount Raised: $4.5M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series A
- Amount Raised: $17M
- Date: January 2016
- Lead Investors: Ballast Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand product offerings.
- Series B
- Amount Raised: $40M
- Date: September 2017
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase market penetration.
- Series C
- Amount Raised: $43.5M
- Date: February 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and diversify insurance product offerings.
- Series D
- Amount Raised: $150M
- Date: April 2021
- Lead Investors: Hedosophia
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To accelerate growth, enhance product offerings, and increase brand marketing efforts.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and improving technology.
- Venture Round
- Amount Raised: $2.1M
- Date: August 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and enhance platform features.
Total Amount Raised: $258.6M
Current Valuation: Over $1 billion
Key Investors
- Hedosophia
- Details: Hedosophia is a London-based investment firm known for backing high-growth technology companies. They led The Zebra's Series D funding round.
- Investment Focus Areas: Technology, internet, media companies
- Notable Investments: Not specified
- 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: Early-stage technology, growth-stage technology
- Notable Investments: Facebook, Dropbox, Slack, Spotify
- Weatherford Capital
- Details: Weatherford Capital is a private investment firm focused on growth equity investments in technology and tech-enabled businesses. They participated in The Zebra's Series D funding round.
- Investment Focus Areas: Technology, tech-enabled businesses
- Notable Investments: Not specified
- Silverton Partners
- Details: Silverton Partners is an early-stage venture capital firm based in Austin, Texas. They were one of the early backers of The Zebra.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: SailPoint, SpareFoot, WP Engine
- Ballast Point Ventures
- Details: Ballast Point Ventures is a growth equity firm that invests in rapidly growing, privately owned companies. They have previously invested in The Zebra.
- Investment Focus Areas: Healthcare, technology, business services
- Notable Investments: MolecularMD, PowerDMS, Vector Solutions
What's Next for The Zebra?
The Zebra is poised to capitalize on the vast opportunities within the insurance market, particularly by expanding into homeowners, renters, and life insurance. The company's focus on leveraging digital platforms and machine learning to create personalized user experiences positions it well for substantial growth. With the insurance industry valued at $638 billion, the potential for The Zebra to capture a significant market share is immense.
Future fundraising opportunities appear promising, given the company's strong growth trajectory and market expansion. The Zebra's recent $150 million Series D round, which elevated its valuation to over $1 billion, indicates continued interest from venture capital firms. This financial backing will likely support further expansion and innovation.
However, The Zebra may face challenges such as maintaining relationships with insurance carriers, managing rapid growth, and staying competitive in the evolving insurtech market. Navigating these hurdles will be crucial for sustaining its upward momentum and achieving long-term success.
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