Finance
Insurer Marshmallow Valued at $2 Billion With BlackRock Backing
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British car insurance startup Marshmallow has almost doubled its valuation to more than $2 billion after a funding round that was backed by new investors BlackRock, Columbia Lake Partners and Portage.
The firm, which offers insurance to under-served customers such as immigrants, raised $90 million in a mix of equity and debt to fund its expansion into new markets and products, according to a statement Tuesday.