<ul><li>London-based insurtech unicorn Marshmallow has raised $90M (€79M) in a funding round at a valuation of $2B (€1.7B).</li><li>The funding round was led by Portage Capital and saw participation from BlackRock and Columbia Lake Partners.</li><li>Marshmallow plans to use the funds to expand into financial services and offer more insurance products.</li><li>The company focuses on car insurance for immigrants and underserved populations, claiming to insure one million drivers with an annual revenue run rate of $500M.</li></ul>

London insurtech unicorn Marshmallow raises €79M at €1.7B valuation: Know more

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