The Zebra Newsroom is a space dedicated to reporting on insurance industry news — and while we traditionally try to stray away from posting about ourselves, we’ve got some big industry news of our own to share.
The Zebra, the nation’s leading insurance comparison site, announced today a Series D fundraise totaling $150 million, making the organization Austin’s newest unicorn company. A unicorn is a privately-owned company worth at least $1 billion with their value primarily being based on their growth potential and expected development. These startups coined the name because they are so rare and are often see skyrocketing success or market traction which launches them into an almost mythical category. Other Austin-based unicorns include Everlywell, Bumbleand Kendra Scott.
Similar to Series C, The Zebra pursued a Series D round to fund growth.
“This investment is going to be used to grow our team and build our brand. We are accelerating our efforts to make The Zebra a household name, and help educate, empower and advise consumers to find the best policies for their unique needs no matter where they are in their lives,” said Keith Melnick, CEO, The Zebra.