Scor joined returning investors Investec and Passion Capital to back the expat-focused auto insurance platform’s series B round, valuing it at $1.25bn.
UK-based automotive insurance app developer Marshmallow has secured $85m in a series B round that included reinsurance group Scor, CNBC reported yesterday.
Asset manager Investec and venture capital firm Passion Capital filled out the participants in the round, and the cash was raised at a $1.25bn valuation.
Founded in 2017, Marshmallow has built a big data-equipped digital platform that helps immigrant drivers in its home country without a credit score buy affordable auto insurance.
The company has more than 100,000…
