Marshmallow
Founded Year
2017Stage
Line of Credit | AliveTotal Raised
$135.46MLast Raised
$18.58M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-190 points in the past 30 days
About Marshmallow
Marshmallow is a financial services company specializing in providing car insurance for newcomers to the UK. The company offers fully comprehensive coverage with a pricing model that takes into account a customer's driving experience from any country. Marshmallow primarily serves individuals who have recently moved to the UK and are seeking fair and inclusive car insurance options. It was founded in 2017 and is based in London, England.
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ESPs containing Marshmallow
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The full-stack insurtech carriers — auto market comprises insurtech carriers that underwrite automotive insurance. As with established carriers, insurtech carriers will typically also be licensed by respective authorities and undergo review by rating agencies. The use of alternative data (such as from telematics sensors) is often central to proactive risk management and underwriting practices empl…
Marshmallow named as Challenger among 12 other companies, including Digit Insurance, Lemonade, and Branch.
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Research containing Marshmallow
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Marshmallow in 1 CB Insights research brief, most recently on Sep 7, 2022.
Expert Collections containing Marshmallow
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Marshmallow is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Insurtech
4,341 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
13,263 items
Excludes US-based companies
Insurtech 50
50 items
Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/
Marshmallow Patents
Marshmallow has filed 1 patent.
The 3 most popular patent topics include:
- cloud infrastructure
- data management
- data modeling
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
10/20/2022 | Data modeling, Database management systems, Data management, Cloud infrastructure, Free software for cloud computing | Application |
Application Date | 10/20/2022 |
|---|---|
Grant Date | |
Title | |
Related Topics | Data modeling, Database management systems, Data management, Cloud infrastructure, Free software for cloud computing |
Status | Application |
Latest Marshmallow News
Oct 17, 2023
London-based car insurance startup Marshmallow has released its financial results for 2022, ending the year with £22.9 million in revenue, a 175% increase compared to 2021. The intermediary, which generates its revenue from commissions and fees, ended the year with a net profit of £709k, a £451k increase compared to 2021. According to its site, Marshmallow sold over 342k policies to date, recording £66 million in claims. Marshmallow, which focuses on people moving to the UK, plans to continue to grow the business “with a greater focus on profitability” by targeting segments with more favorable loss ratios and launching new lines of business. Marshmallow was founded in 2016 and it raised ~$117 million to date. The startup’s latest round of founding, which took place in September 2021, gave it a $1.25 billion post-money valuation. Share this A really good email covering top news. Leave this field empty if you're human:
Marshmallow Frequently Asked Questions (FAQ)
When was Marshmallow founded?
Marshmallow was founded in 2017.
Where is Marshmallow's headquarters?
Marshmallow's headquarters is located at 66 City Road, London.
What is Marshmallow's latest funding round?
Marshmallow's latest funding round is Line of Credit.
How much did Marshmallow raise?
Marshmallow raised a total of $135.46M.
Who are the investors of Marshmallow?
Investors of Marshmallow include Triple Point Investment Management, Halo Business Angel Network, Passion Capital, Investec, Tribe Capital and 7 more.
Who are Marshmallow's competitors?
Competitors of Marshmallow include Urban Jungle and 7 more.
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Compare Marshmallow to Competitors
RAC operates as a company focused on providing motoring services in the breakdown service industry. The company offers breakdown cover, car insurance, and motoring services such as servicing and repairs. It primarily serves both private and business drivers. It was founded in 1897 and is based in Walsall, England.
Locket operates as a technology company in the insurance and home security sectors. The company provides tools for insurers and offers a mobile application using smart technology to help users protect their homes, including features like a bird's eye view of local crime and the ability to simulate occupancy when users are away. Locket primarily serves the insurance industry and individual homeowners. It was founded in 2020 and is based in London, United Kingdom.
Aviva operates as an insurance company. The company provides insurance products for life, pet, car, home, health, and retirement as well as offers asset management and financial advisory services. The company was founded in 1969 and is based in London, United Kingdom.
Klinc provides an insurance platform for home, device, mobility, life, engine and more. It was founded in 2018 and is based in Barcelona, Spain.
Verti is a digital insurance provider specializing in offering online and telephonic insurance solutions within the insurance industry. The company provides a range of insurance products including coverage for automobiles, motorcycles, homes, and pets, designed to meet the diverse needs of its customers. Verti's insurance offerings are characterized by their innovative pricing models and the ability to personalize coverage to individual customer requirements. It was founded in 2011 and is based in Madrid, Spain.
Volkswagen Financial Services specializes in financial solutions, servicing, insurance, and mobility products within the automotive industry. The company offers vehicle financing options, service plans, insurance coverage, and vehicle rental services to both personal and business customers. Volkswagen Financial Services primarily caters to the automotive industry, providing financial and related services to customers of the Volkswagen Group brands. It was founded in 1993 and is based in Milton Keynes, England.
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