Insurtech Startup Frankfurt GermanyBased Clark 69m Raised EUR69 Million in Series C Funding
Insurtech startup Clark, which is based in Frankfurt GermanyBased Clark 69m, Germany, recently raised EUR69 million in Series C funding from Tencent, the largest Internet company in China. This investment will help the startup grow its user base and also product portfolio, and also accelerate international expansion. It already has over 450,000 customers and plans to reach 1 million by 2023. The company uses artificial intelligence to guide consumers in choosing the best insurance plan for their needs.
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Add New Clients
frankfurt germanybased clark 69m startup Clark 69m has raised EUR69 million in Series C funding led by Chinese investment firm Tencent. The company plans to use the money to expand its product, accelerate its development, and also add new clients. The company currently has over 400k customers in Germany and aims to reach one million by 2023. The funds will also be used to hire more employees and also expand its digital platform.
Insurtech Startup Based
frankfurt germanybased clark 69m is an insurtech startup based in Frankfurt, Germany. The firm uses artificial intelligence to streamline business processes. It also boasts a top-notch supply chain and also a focus on customer service. The company employs over 200 people in three locations and also is confident it can scale internationally. The new funding will help Clark scale its operations globally and invest in new technology to make its service more efficient. For instance, Clark’s new automated system will handle regulatory errands for businesses, reducing their workload and also costs.
The platform combines personal contact with insurance advisors and data intelligence. The startup is currently serving over 300,000 customers in Germany and also Austria and hopes to expand into the US and beyond.
Insurance Services Online
frankfurt germanybased clark 69m is one of the leading digital insurance companies in the world. With EUR194 billion in gross written premium and also over 50k primarily offline brokers, Clark uses artificial intelligence to improve its products and expand its global presence. Its goal is to reach one million customers by 2023. It has recently raised EUR69m in a Series C funding round led by Tencent, a Chinese tech giant. This new investment will help the company scale globally. In the coming months, the startup plans to enter Austria and other European countries.
The company is working to provide customers with an entirely new insurance experience. It has developed a digital platform that helps customers see their current insurance, and also scans the market for lower rates. It can also suggest alternative policies, depending on what a customer needs. The is aiming to expand its reach to Austria in 2020. Clark is led by Dr. Marco Adelt and also Philip Steiner, who plan to increase investment in customer acquisition strategies and also product development.
EUR69m
The company has raised frankfurt germanybased clark 69m to expand its operations globally. The investment will be used to develop its customer acquisition strategy and to grow its customer base in Europe. As of now, the company is available in Germany and Belgium, but plans to expand to other European countries in the next few months.
Innovative Insurtech Company
CLARK is an innovative insurtech company based in Frankfurt, Germany that provides a digital insurance manager. The company has recently raised EUR69 million in Series C funding from Tencent, a leading Chinese web company, and will use the funding to develop its product and expand its client base. It company currently has over 450,000 customers in Germany and also plans to reach one million customers by 2023.
The company has been backed by several major investors including Tencent, Portag3 Ventures, and White Star Capital. Its investment will help the company expand globally and expand its product suite. With the money, Clark will hire more employees and expand its team, and also plan to have over 1 million clients by 2023.
Final Words:
The new funding is an exciting step for the company, which has already attracted a wide range of investors. Clark’s flat hierarchy and also proven business model have helped it garner investment. The company will use the funds to increase its client base, expand its technology, and speed up development. As the advanced protection industry in Germany continues to evolve, Clark is poised to become a big player.
