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With over 1.3 million website visitors per month, The Zebra is the nation's largest insurance comparison site and experiences a robust revenue growth rate. In 2019, the company's revenue grew nearly 200 percent year over year to USD 37 million.
FREMONT, CA: Austin-based insurance marketplace startup The Zebra raised USD 38.5 million in Series C round led by Accel, with participation from current investors, Silverton Partners, Daher Capital, Floodgate Fund, Ballast Point Ventures, and The Zebra’s CEO, Keith Melnick. Leading family-owned private investment firm Weatherford Capital also invested in the round.
"We like to think of The Zebra as the ‘Kayak of Insurance,'" said Keith Melnick, CEO of The Zebra. "We’re basically creating a virtual insurance agency. Ultimately, as people evolve through their insurance needs, we can be there for them." The new round of funding takes the company's total raised funds to USD 101.5 million. The Zebra's Series B round was also led by Accel and raised USD 40 million. The company stated that it was not their intention to raise than the Series B amount, instead, raise only what it needed to keep up with its momentum.
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With over 1.3 million website visitors per month, The Zebra is the nation's largest insurance comparison site and experiences a robust revenue growth rate. In 2019, the company's revenue grew nearly 200 percent year over year to USD 37 million. Their annual growth rate has now exceeded USD 60 million, more than half of which is driven by users coming organically to The Zebra’s website. The company's revenue is expected to grow well over 100 percent in 2020.
"We are very pleased to join the latest funding round in The Zebra," said Will Weatherford, Managing Partner, Weatherford Capital. "We focus on supporting quality teams, industry leaders, and healthy cultures. The Zebra is a great fit for our mandate. We look forward to working with The Zebra management team and our fellow investors to build additional value in the business and help further their mission of bringing transparency to the insurance industry."
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