Marshmallow Raises £68m in Latest UK Tech Funding Surge
Deal News | Apr 18, 2025 | UK Tech Funding
In the latest UK tech funding update, the sector witnessed a significant increase in investment, with a total of £122.45m being funded across nine rounds between April 14 and April 18. Leading the series of investments is Marshmallow, an insurtech firm based in London, which secured £68m in late venture capital and debt financing. The funding round was led by Portage Capital Solutions, along with contributions from funds managed by BlackRock and CLP. Founded in 2017, Marshmallow specializes in insurance and financial services, primarily catering to migrants in the UK. Another noteworthy recipient is Nyobolt, an energy tech company from Cambridge, which raised £22.6m from investors including IQ Capital and Latitude. Nyobolt focuses on fast-charging battery technology since its establishment in 2020. Adding to the spectrum of innovation, Skin Analytics, a health tech company in London founded in 2012, received Series B funding from Intrepid Growth Partners to further develop its dermatological detection technology.
Sectors
- Insurtech
- Energy Technology
- Health Technology
- Venture Capital
Geography
- United Kingdom – The UK serves as the focal point of this article, with tech companies and investments being predominantly based in this region.
Industry
- Insurtech – The article's major company, Marshmallow, operates in the insurance technology sector, focusing on insurance solutions for UK migrants.
- Energy Technology – Nyobolt's investment emphasizes advancements in fast-charging battery technology, marking it as a key player in the energy technology sector.
- Health Technology – Skin Analytics’ development of dermatological detection systems places it firmly within the health technology sector.
- Venture Capital – The article outlines various venture capital firms investing in UK tech startups, highlighting active financing rounds.
Financials
- £68m – The investment amount raised by Marshmallow in late VC/debt financing.
- £22.6m – Amount raised by Nyobolt for its energy technology innovations.
- £122.45m – Total value of UK tech investments tracked over the week.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marshmallow | Target Company | Company | An insurtech platform providing migrant-focused insurance and financial services in the UK. |
| Nyobolt | Target Company | Company | Focuses on developing fast-charging energy technology, based in Cambridge. |
| Skin Analytics | Target Company | Company | A health tech firm in London that specializes in dermatological detection technology. |
| Portage Capital Solutions | Investor | Company | Led the funding round for Marshmallow, specializing in venture capital investments. |
| BlackRock | Investor | Company | Globally renowned asset manager participating in funding for Marshmallow. |
| CLP | Investor | Company | Co-investor in Marshmallow's funding round. |
| IQ Capital | Investor | Company | Venture capital firm investing in Nyobolt's fast-charging technology. |
| Latitude | Investor | Company | Investor in Nyobolt, focusing on high-growth tech companies. |
| Intrepid Growth Partners | Investor | Company | Investment firm leading funding for Skin Analytics. |