What is Marshmallow?
Founded in 2017 by Kent-Braham, his twin brother Alexander, and software engineer David Goaté, Marshmallow operates as a digital-first insurance provider. The company distinguishes itself by focusing on segments of the population often overlooked by legacy insurers, such as immigrants and expatriates, who may lack traditional credit histories or localized data footprints. By utilizing sophisticated algorithmic risk assessment, Marshmallow provides tailored coverage that is both inclusive and competitively priced. The firm's market position is defined by its commitment to digital transformation, replacing cumbersome, manual insurance processes with a seamless, mobile-centric user experience that emphasizes transparency and speed.
How much funding has Marshmallow raised?
Marshmallow has raised a total of $205M across 3 funding rounds:
Series A
$30M
Series B
$85M
Series C
$90M
Series A (2020): $30M, investors not publicly disclosed
Series B (2021): $85M led by Monzo, Investec Group, Passion Capital, and SCOR
Series C (2025): $90M supported by Portage Ventures, BlackRock, and Columbia Lake Partners
Key Investors in Marshmallow
Portage Ventures
Portag3 Ventures is an early-stage investor dedicated to backing the next generation of innovative, global financial services companies working to benefit all consumers.
BlackRock
BlackRock is a global investment management firm providing comprehensive investment, risk management, and advisory services to institutional and individual clients worldwide.
Columbia Lake Partners
Columbia Lake Partners is a team of experienced investors specializing in providing growth loans and venture debt to European technology companies.
What's next for Marshmallow?
With this major enterprise-level funding, Marshmallow is well-positioned to accelerate its product roadmap and expand its footprint across new geographic markets. The strategic focus will likely shift toward deepening its technological moat, specifically through the integration of more complex AI-driven risk modeling and the diversification of its insurance product suite. By maintaining a lean, tech-forward operational structure, the company is poised to challenge established incumbents, leveraging its recent capital to drive sustainable growth and long-term profitability in the insurtech sector.
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