UK-based insurtech company Marshmallow has concluded a successful Series C funding round, raising $90 million. Led by Portage Ventures, this investment nearly doubles the company’s valuation to over $2 billion.
The funding comes from a combination of equity and debt financing. Prominent participants in this round included BlackRock and Columbia Lake Partners, both of which are recognized names in the investment space. This latest funding round builds on Marshmallow’s previous Series B round in 2021, where the company raised $85 million and achieved unicorn status with a valuation of $1.25 billion.
This significant capital injection not only strengthens Marshmallow's financial position but also underlines investor confidence in the insurtech sector. As competition in the insurance industry continues to grow, companies like Marshmallow are positioning themselves for expanded market share and innovation.
Marshmallow's new funding is likely to benefit policyholders and potential customers as the company invests in its technology and service offerings. With this increased capital, Marshmallow may enhance its product portfolio and improve customer experiences, which could lead to a stronger market presence.
As Marshmallow embarks on this new chapter of growth, industry observers will be watching to see how the company utilizes this funding to advance its mission in the insurance landscape. The insurtech space remains dynamic, and the decisions made by Marshmallow could influence trends across the sector.
Original Source: https://www.crowdfundinsider.com/2025/04/238556-uk-insurtech-marshmallow-announces-90m-series-c-funding-round/