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Series C Round

For Marshmallow

$90.0M Apr 16, 2025
Funding Details

Marshmallow, a UK-based insurtech startup, has successfully raised $90 million in a Series C funding round to expand its product offerings and enhance its services for immigrants and underserved consumers. The funding round was led by Portage Ventures, with participation from BlackRock and Columbia Lake Partners. This investment nearly doubles the company's valuation to over $2 billion, reflecting its growth and commitment to providing fair and accessible car insurance solutions. Marshmallow leverages data science innovations to create tailored insurance policies that meet the unique needs of its diverse customer base. The company aims to use this funding to enhance its technology platform, broaden its reach in the insurance market, and continue addressing the challenges faced by immigrants and underserved communities in accessing affordable insurance. Marshmallow is dedicated to ensuring that all individuals, regardless of their background, have access to the insurance products they need.

Valuation
  • Pre-money: $1910.0M
  • Post-money: $2000.0M
Confidence Score
Data extraction confidence: 90%
Participating Investors

No investors recorded for this funding round.

Related Tweets

No tweets found for this funding round.

Other Data Sources
1
Exa Round Data
Apr 24, 2025
Exa Enrichment History
1

Fields Updated
post_money_valuation description stage
Enrichment Details
Post Money Valuation
2000.0
Description
Marshmallow is a UK-based insurtech startup that specializes in providing car insurance policies tailored for immigrants and underserved consumers. The company leverages data science innovations to create fair and accessible insurance solutions.
Stage
Series C
Enrichment History
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Source URLs