FT Partners Advises The Zebra on its $150,000,000 Series D Financing
Overview of Transaction
- On April 12, 2021, The Zebra announced the completion of its Series D fundraise totaling $150 million, valuing the Company at more than $1 billion
- The fundraise comes at a time of sustained growth, with investment from new and former investors including Weatherford Capital and Accel
- Headquartered in Austin, Texas, The Zebra is the nation's leading, independent insurance comparison site; The Zebra has sought to bring transparency and simplicity to insurance shopping since 2012 — it's "insurance in black and white”
- With its dynamic, real-time quote comparison tool, consumers can identify insurance companies with the coverage, service level, and pricing to suit their unique needs
- The Zebra compares multiple insurance companies and provides agent support and educational resources to ensure consumers are equipped to make the most informed decisions about their home and auto insurance
Significance of Transaction
- This investment will be used to expand The Zebra’s team and accelerate the Company’s efforts to help educate, empower and advise consumers to find the best policies for their unique needs, no matter where they are in their lives
FT Partners' Role
- FT Partners served as exclusive financial and strategic advisor to The Zebra
- This transaction highlights FT Partners’ deep domain expertise within InsurTech, as well as our successful track record generating highly favorable outcomes for high-growth FinTech companies globally