Insurance Comparison Website The Zebra Raises $ 150 Million In Latest Funding Round
The Zebra, a home and auto insurance comparison website, raised $ 150 million in a Series D fundraiser, which valued the company at over $ 1 billion.
Investors in the insurance comparison service include Accel, Silverton Partners, Ballast Point Ventures, Daher Capital, Floodgate Fund, Weatherford Capital, KDT, The Zebra CEO, Keith Melnick, and others.
A company statement said The Zebra has raised more than $ 250 million to date, including seed funding.
“This investment will be used to develop our team and build our brand. We are accelerating our efforts to make The Zebra a household name and help educate, empower and advise consumers to find the best policies for their unique needs, wherever they are in their life, ”said Keith Melnick , CEO of The Zebra.
“As one of the early investors in The Zebra, this inflection point in company history is something I looked forward to,” commented Mark Cuban, entrepreneur and Dallas Mavericks Governor.
Cuban added in a statement that the word “startup” no longer applies to The Zebra, calling the company “a full-fledged technology company that addresses – and solves – some of the insurance industry’s biggest challenges. 638 billion dollars. ”
Despite the pandemic, The Zebra has seen net sales growth of $ 37 million in 2019 to $ 79 million in 2020. The size of the company has also grown since the start of 2020, from approximately 200 employees to over 325 as it transitioned to a fully remote work environment.