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      <p>
        Marshmallow, a digital auto insurance provider, has raised USD 85 million in Series B funding, at a valuation of USD 1.25 billion. The funding round was backed by existing investors including Passion Capital, Investec, and Scor. Following this round, the company&rsquo;s total funding stands at USD 116.2 million.&nbsp;
      </p>
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  </ul>
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    <li>
      <p>
        The new funds will be directed towards developing new products and expanding into new markets outside the UK.
      </p>
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  </ul>
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    <li>
      <p>
        The company&rsquo;s valuation has grown by nearly 4x since its last funding round in November 2020. According to Marshmallow, the number of policies it has sold has grown by 100% over the last six months, to reach over 100,000.
      </p>
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  </ul>
  <p>
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<div>
  <p>
    <a href="https://techcrunch.com/2021/09/07/marshmallow-insurance-85-million/">
      TechCrunch
    </a>
  </p>
  <p>
    <a href="https://www.cnbc.com/2021/09/07/insurance-startup-marshmallow-becomes-first-uk-black-owned-unicorn.html">
      CNBC
    </a>
  </p>
</div>


All Updates

Marshmallow raises USD 85 million in Series B; achieves unicorn status