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Marshmallow, a UK-based insurtech startup focused on providing car insurance for migrants, has successfully raised $90 million in its latest funding round, which has nearly doubled its valuation to over $2 billion. The funding was supported by prominent investors including BlackRock, Columbia Lake Partners, and Portage. This increase in valuation marks a significant rise from $1.25 billion in September 2021. The company aims to position itself as a comprehensive financial service provider for migrants, enhancing its offerings in the insurtech space.
📢 Leading booking & loyalty tech provider raises £2.5M from @CalculusCapital. https://t.co/V9ybbUZqjw #technews #investment #crm #booking #technology #entertainment #growth #fundingnews #business #customerexperience #news #innovation
🚨 London-based insurtech unicorn @getmarshmallow raises $90M, doubling its valuation to $2B+! https://t.co/IxmVENRlhn It was backed by @portageinvest, @BlackRock, @CLPGrowth. #insurtech #fintech #funding #news #unicorns #insurance #uktech #diversefounders #diversity #business
UK data-based car insurance startup Marshmallow raised $90M, roughly split 50-50 in equity and debt, at a $2B+ valuation, up from $1.25B in September 2021 (@ingridlunden / TechCrunch) https://t.co/2qy6fl9eBz https://t.co/GOqLvW3jsZ https://t.co/ZOzeer1FAj
