Weatherford Capital, a leading family-owned private investment firm, has completed an investment in insurance comparison site The Zebra.The USD38.5 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 per cent year over year to nearly USD37 million in 2019. Their annual run rate is now exceeding USD60 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 per cent in 2020.
“We are very pleased to join the latest funding round in The Zebra,” says 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.”
