U.K. based auto insurance startup raised $30 million in Series A funding led by Outrun Ventures.
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Marshmallow raises $30m in Series A funding
“Car insurance typically requires an insurer to understand a person’s driving ability, driving history and current lifestyle before they can offer them an accurate price,” Oliver Kent-Braham, the co-founder and CEO, said to TechCrunch at the time. “Unfortunately, a lot of insurers don’t attempt to understand foreign drivers living in the U.K., instead they just overcharge them. U.K.-based foreign drivers can expect to be quoted prices that are 51 percent higher than the market average.”
