If you’re looking for an insurance startup in Frankfurt Germany Based Clark 69m, Germany, look no further than Clark 69m. This digital insurance manager has recently raised EUR69 million in Series C fund and is poise to expand across the globe. The company has already sign up over 450,000 customers and is plann to raise a further EUR69 million to expand Also its service.
Digital Insurance Manager
The Frankfurt Germany Based Clark 69m is one of the largest in the world with EUR194 billion gross written premium and approximately 50k mostly offline brokers. This fragmented market is ripe for disruption and most policyholders are unhappy with their current providers and are looking for a digital alternative. The startup Clark has already raised EUR69 million in Series C funding to address this need and make insurance a more convenient experience.
The digital insurance manager CLARK has raised Frankfurt Germany Based Clark 69m in Series C funding from Tencent, a leading Chinese web company. The new funds will help the company expand their product and increase their client base. The company already has a client base of over 450,000 in Germany and hopes to hit one million by 2023. The company is focusing on enhancing the AI-based product and user acquisition efforts in the German market.
Continue Product Development
Clark, a digital insurance manager, has raised EUR69 million in a new funding round led by Tencent. This money will be used to further expand its product and increase user acquisition as it aims to reach one million customers by 2023. It has signed up over 450,000 customers in Germany and is on course to achieve this goal. The company will use the new funding to hire more employees and continue product development.
The investment team includes Jens Wenzel, Hendrik Bockenheimer, Jan Bonhage and Marius Mayer. The team leverages artificial intelligence to improve customer experience and works closely with insurers to offer a better product. The company is currently headquartered in Frankfurt. As its product continues to grow, it will continue to add more features. Its team is confident about its ability to scale globally.
Insurtech Company Clark
The insurtech company Clark, which offers a digital insurance manager, has raised EUR69M in Series C funding from Tencent. The company plans to use the funds to accelerate growth, expand its product development, and attract more users. Founded in June 2015, Clark has already signed up over 450,000 users in Germany and hopes to have one million by 2023. In addition, it recently raised EUR30 million in Series B funding.
Tencent Portag3 Ventures and Also White Star Capital were involve in the deal. The money will help Clark expand its product, accelerate its development, and Also add to its client base. The company currently has over 450,000 customers in Germany, and it hopes to reach one million by 2023. The company is using the funds to expand Also its digital platform and increase customer acquisition. The startup has been in the insurance industry for just a few years, but its technology makes it easier than ever to get insurance.
Operations Worldwide
German insurtech Clark has raised EUR69 million in a Series C funding round led by Tencent. The company has already signed up over 450,000 customers in Germany and has plans to expand Alsoglobally. It is currently operating in three locations: Hamburg, Vienna, and Frankfurt. The money will help the company improve its product and Alsobuild its customer base in new markets. Tencent will also be involve in expand the company operation worldwide.
The 69 million investment will go toward growing the company’s digital platform, which allows customers to manage their insurance contracts. The platform analyzes a customer’s insurance situation, compares different policies, and offers better rates. The company was found in 2015 and current serve more than 300,000 customer in Germany and Also Austria. It plans to expand Also its operation to the United States and Alsoother market globally.
Last Words:
Clark, a digital insurance broker, has acquired internet information platform Finanzen Group in a $1 billion valuation deal. The previous owner of the company also acquired a minority stake in the new company. Clark currently has 450,000 customers in Germany and hopes to reach 1 million by the end of 2023. The company has raised EUR 69 million in funding since the start of its operations, including participation from Tencent and other major investors read more.
