UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

10 Sep, 2021

UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance
Photo by LYCS Architecture on Unsplash

– Marshmallow, a U.K.-based car insurance provider, raised $85m in a new round of funding.
– The company is valued at $1.25bn.
– The plan now is to deepen its relationships with customers, in part by providing more engagement to make them better drivers, but also potentially selling more services to them, too.
– The average age of Marshmallow’s customers is 20 to 40.

Finance Financial Services FinTech Insurance InsurTech Western Europe
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