Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation

Marshmallow, the UK insurance startup for migrants, raises $90M at a $2B+ valuation

U.K. startup Marshmallow has blown up over the years by using innovations in data science to build car insurance policies for immigrants and other

PolicyMe eyes new products, partners after raising $30M over two years

Toronto insurtech startup PolicyMe has been busy since 2022: raising funding, launching new products, and helping other insurance firms sell policies online.

UK's Marshmallow Raises €79.4M to Expand Insurance Services for Immigrants - Fintech Schweiz Digital Finance News - FintechNewsCH

Marshmallow, a London-based motor insurer for people who have recently emigrated to the UK, has raised €79.4 million in funding. This follows a Series B round three years ago, during which the company’s valuation nearly doubled to over €1.7 billion. The funding round was backed by Portage, BlackRock, and Columbia Lake Partners. The capital, a combination of equity and debt, will help Marshmallow expand its product range and support plans for int…

Britain’s First Black-owned Unicorn Marshmallow Attains $2B Valuation with $90M Funding

London-based insurtech unicorn Marshmallow has announced a new funding round of $90 million to accelerate its international expansion plans. Portage Capital led the round, which included participation from BlackRock and Columbia Lake Partners. The company’s previous backers have included Passion Capital, Investec, and Scor.  Marshmallow will use this new funding to expand its product offering, continue investing in technology, and enter new mark…

UK Insurance Startup Marshmallow Founded By Twin Brothers Raises $90M, Hits $2B Valuation

Twin brothers and co-founders Oliver and Alexander Kent-Braham are now behind a multi-billion-dollar company alongside David Goaté. As AFROTECH previously told you, the siblings founded U.K. -based digital car insurance startup Marshmallow to combat “unfair insurance prices” for migrants. “We now help 100,000s of UK newcomers get a fairer deal on their car insurance every year. We do this by building our own technology, developing pricing and fr…

UK fintech Marshmallow secures $90 million in funding at a valuation of $2 billion

Marshmallow & Portage, 04/15/25