Zebra, an insurance comparison site, has raised $38.5 million in Series C funding. Accel led the round with participation from Weatherford Capital, Silverton Partners, Daher Capital, Floodgate Fund, Ballast Point Ventures, and The Zebra’s CEO Keith Melnick.
TAMPA, FL, February 5, 2020 – Weatherford Capital, a leading family-owned private investment firm, today announced it has completed an investment in The Zebra, the nation’s leading insurance comparison site. The $38.5 million Series C fundraising round was led by Accel and included other current investors, Silverton Partners, Daher Capital, Floodgate Fund, Ballast Point Ventures, and The Zebra’s CEO, Keith Melnick.
As the nation’s largest insurance comparison site with over 1.3 million website visitors per month, The Zebra’s revenue has seen very strong growth. The company’s revenue grew almost 200% year over year to nearly $37 million in 2019. Their annual run rate is now exceeding $60 million, more than half of which is driven by users coming organically to The Zebra’s website. Revenue is expected to grow well over 100% in 2020.
“We are very pleased to join the latest funding round in The Zebra,” said Will Weatherford, Managing Partner, Weatherford Capital. “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.”
About Weatherford Capital
Weatherford Capital is a family-owned private investment firm founded in 2015. Our team has over 35 years of investment experience conducting over 65 transactions across the globe. In partnership with family offices, we make direct private equity, late-stage venture, and real estate investments with people who share our commitment to excellence, integrity, faith, family, and community. For more information, please visit www.weatherfordcapital.com.
About The Zebra
The Zebra is the nation’s leading, independent insurance comparison site. With its dynamic, real-time quote comparison tool, drivers can identify insurance companies with the coverage, service level, and pricing to suit their unique needs. The Zebra compares more than 100 insurance companies and provides agent support and educational resources to ensure drivers are equipped to make the most informed decisions about their home and auto insurance. Headquartered in Austin, Texas, The Zebra has sought to bring transparency and simplicity to insurance shopping since 2012 — it’s “insurance in black and white.”