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A tech-first insurance company

A tech-first insurance company

We are a digital insurer that uses technology to make insurance more affordable, instant and inclusive.

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UK's Marshmallow raises $30M for more 'inclusive' car insurance

  • TechCrunch
  • 3 weeks ago
  • A U.K. startup called Marshmallow that’s aiming to take on those larger legacy insurance giants with a new approach to determining risk is announcing a $30 million round of funding.
  • The company is not disclosing the names of people in this latest round, except to say that one is a prominent fintech backer and the other a large financial institution. PitchBook notes that Outrun Ventures and other unnamed investors are in this round.
  • Starting first with car insurance, Marshmallow uses a wider set of analytics and a simple mobile and web-native interface to target underserved segments of the market, and it plans to use the Series A funding to continue expanding its business with an emphasis on diversity and inclusion, with the plan being to launch in further countries, and more types of insurance, in the next 18 months.
UK's Marshmallow raises $30M for more 'inclusive' car insurance

Alexander Kent-Braham

Avatar for Alexander Kent-Braham
Co-Founder @Marshmallow • Early employee @Yoti • Angel @Syft App + @Coconut • Ex-hedge fund • Identical twin????
Founder @Marshmallow • Worked @Yoti • Investor @Syft App, @Coconut

David Goaté

Avatar for David Goaté
Co-founder & CTO at Marshmallow, an Insurtech on a mission to build a world where insurance benefits everyone.
Total raised

$1.2M

Funded over

1 round

Latest round

Seed (Jun 2018)