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The Zebra, an online auto insurance comparison marketplace, plans to use $40 million in new venture funding to double down on brand building, product expansion and customer outreach.
Company co-founder and Chief Operating Officer Joshua Dziabiak told Carrier Management via email that the financing will help "amplify" the company's growth "and continue its mission to simplify how consumers understand, purchase and manage insurance."
The Zebra's cash infusion will also be put to work growing its staff. About 100 people work for the company now, but Dziabiak said that number should double in size over the next year.
One key new hire is for the chief executive officer slot. Keith Melnick is taking that position; he's the former president of travel metasearch engine Kayak.
The Austin, Texas startup's Series B financing included lead investor Acel Partners, a firm that has backed companies ranging...