Ashcombe advises Marshmallow Insurance on its $30m Series A funding round
Ashcombe is pleased to announce that it has advised Marshmallow Insurance on its recent $30m Series A funding round.
Marshmallow is a rapidly growing speciality motor insurer in the UK which has developed sophisticated pricing and underwriting technology, and offers clients a convenient, fully digital customer journey.
The round was led by a global venture capital firm and included investments by a major corporate as well as Investec Bank and Passion Capital, both of whom are existing shareholders in the business.
This transaction adds to Ashcombe’s diverse track record in financial services this year, including the sale of Lending Works to Intriva Capital, the sale of Cavendish Asset Management to Stonehage Fleming, a structured financing for Bluestone Consolidated Holdings and Newable’s acquisition of Synergy Leasing. In our financial institutions franchise we remain focussed on banking, speciality finance, wealth & asset management, and insurance.