UK Insurtech Marshmallow Secures $90M Funding at $2B Valuation

April 15, 2025, 3:20 am

Two separate reports confirm that UK-based insurtech startup Marshmallow, offering innovative insurance solutions for underserved markets including migrants, has raised $90M at a valuation exceeding $2B. The reports highlight the startup’s rapid expansion of its customer base and significant revenue milestones, demonstrating strong market acceptance. Industry analysts view this funding round as a pivotal moment, bolstering Marshmallow’s position to enhance its product offerings and accelerate growth. The financing underscores the company’s disruptive approach in addressing gaps in traditional insurance sectors.

techinasia.com / UK insurtech startup Marshmallow raises $90m at $2b valuation

Marshmallow, founded by three entrepreneurs, has grown its insured customer base from 100,000 to one million since 2021.

techcrunch.com / 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 consumers who have been overlooked or priced out of traditional insurance. Now, with a million drivers insured and a profitable annual revenue run rate...

2 stories from 2 sources in 23 hours ago ... #startups #innovation #fintech #datascience #vc

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UK Insurtech Marshmallow Secures $90M Funding at $2B Valuation

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