Zego cuts losses

London-based car insurance provider Zego has reported better results in 2024, cutting its net loss to ~£4M – a significant improvement from the £34M net loss it reported in 2023.

While the 2025 results aren’t out yet, co-founder and CEO Sten Saar shared that the startup will reach profitability.

Founded in 2016, Zego reached a $1.1 billion valuation in 2021 and it raised ~$280 million to date. The startup offers personal and commercial car insurance.