May 6, 2021

Top 10 European unicorns born in the first quarter of 2021

Kate Birch
6 min
Zego
Insurtech
Unicorn
Startups
Now worth more than US$1 billion, each of these European-born startups achieved unicorn status in the first quarter of 2021. We rank them by value
10
Zego – US$1.1 billion

Country: UK
Value: US$1.1bn

London-born insurtech Zego achieved a US$1.1bn valuation and therefore unicorn status in March following a Series C funding round where it raised US$150m from backers including DST Global and General Catalyst, which means Zego has now raised a total of US$200m since its launch in 2016. Starting out with motorbike insurance for gig economy workers, Zego expanded to include a range of tech-enabled commercial motor insurance products, and currently has 270+ employees, which it plans to double this year. 

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