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"activistThesis": null, "pitchdeck": { "metadata": { "author": "Callum Burroughs", "fireId": "mkPap1xcP97rbumsNxE6", "sector": "fintech", "deckKind": "fundraise", "roundRaw": "$1.2 million seed", "amountRaw": "$30 million", "amountUsd": "30000000", "scrapedAt": "2026-04-27 09:17:37.956+00", "sectorRaw": "fintech", "sourceUrl": "https://www.businessinsider.com/pitch-deck-marshmallow-30-million-insurance-2020-11", "deckKindAt": "2026-04-28 07:19:06+00", "highlights": "Insurance startup Marshmallow has raised $30 million in fresh funding from two unnamed investors. The UK startup was cofounded by Black twin brothers Oliver and Alexander Kent-Braham in 2018;; and provides insurance products via its proprietary algorithms. \"Since Black Lives Matter;; we've had a chance to reflect and we want to be role models for VCs to back other black entrepreneurs;;\" cofounder Oliver Kent-Braham said. Visit Business Insider's homepage for more stories.", "slideCount": 10, "companyName": "Marshmallow", "description": "Insurance startup Marshmallow has raised $30 million in fresh funding from two unnamed investors. The UK startup was cofounded by Black twin brothers Oliver and Alexander Kent-Braham in 2018;; and provides insurance products via its proprietary algorithms. \"Since Black Lives Matter;; we've had a chance to reflect and we want to be role models for VCs to back other black entrepreneurs;;\" cofounder Oliver Kent-Braham said. Visit Business Insider's homepage for more stories. In the past 10 years;; less than 1% of total venture funding in the UK went to Black entrepreneurs;; according to data from Extend Ventures. The situation is shocking;; according to Oliver Kent-Braham;; the cofounder of Marshmallow;; an insurance startup that's just raised $30 million in fresh funding. Kent-Braham founded Marshmallow alongside his brother Alexander in 2018. Only 38 Black and minority ethnic founders have raised VC investment in the UK in the past decade;; per Extend Ventures;; suggesting that the brothers account for 5% of the total raised. \"There are so few Black VCs;; role models;; founders so in a way the figures aren't surprising;;\" Oliver Kent-Braham told Business Insider. \"Since Black Lives Matter;; we've had a chance to reflect and we want to be role models for VCs to back other Black entrepreneurs.\" Founded in 2018;; Marshmallow provides insurance products via proprietary pricing algorithms and specializes in auto insurance. The startup also provides car insurance products to foreign drivers in the UK;; including immigrants and expats. Its funding round comes from two new unnamed investors;; one a prominent VC fund and the other a financial institution. The company said its valuation is now more than $300 million;; having previously raised a $1.2 million seed round led by Passion Capital. Kent-Braham said that after an initial lockdown-related blip in March and April;; car usage has spiked in the UK with people unwilling to take public transport during the coronavirus pandemic. The funding round;; which took place entirely on video calls;; began in late June before closing in late October. The funding will go towards hiring talented data scientists and engineers for the team;; Kent Braham said. 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