Insurtech unicorns Zego and Marshmallow reveal large losses
The holding companies of UK insurtech unicorns Zego and Marshmallow have both reported losses for the financial year ending on 31 December 2021.
Zego acquired unicorn status in March 2021 when it was valued at $1.1bn (£974m), following a series C funding round, led by DST Global, that saw it raise $150m, with new backer General Catalyst
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