The Zebra raises $38.5 million Series C

Austin-based The Zebra has raised $38.5 million Series C led by Accel, bringing its total funding to date to $101.5 million. Established in 2012, the team of ~176 offers a personal lines insurance comparison service attracting approximately 1.3 million site visitors per month. Its revenue grew almost 200% year over year to nearly $37 million in 2019.

“We are very pleased to join the latest funding round in The Zebra. 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.” – Will Weatherford, Managing Partner, Weatherford Capital.

Bottom Line: The first Series C round announced this year by a P&C player.