The rise of the gig economy helps London-based insurtech Zego to raise $42M

The rise of the gig economy helps London-based insurtech Zego to raise $42M

A couple of years ago, London-based startup Zego realised gig-economy workers would need insurance, and went on to raise a very healthy £6 million in Series A funding, led by Balderton Capital. Its first products were pay-as-you-go scooter and car insurance for food delivery workers. The proceeds will be used to for Zego’s expansion across Europe and to increase the workforce from 75 to 150.