Insurtech The Zebra earns its unicorn stripes with $150 million raise

US-based insurance comparison platform The Zebra has secured a $150 million Series D funding round, making it the latest fintech unicorn, per TechCrunch.

This brings The Zebra’s total funding to date to $261.5 million since its founding in 2012. The fresh capital was raised not to fund operations, but to accelerate growth and new product plans, as the startup isn’t “highly unprofitable or burning through money,” per its CEO Keith Melnick.

The Zebra has expanded its product suite in recent years, providing it with a more rounded value proposition—and fueling its revenue growth.

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