Clark was founded in the year 2015 by Christopher Oster, Steffen Glomb, Dr. Marco Adelt, and Chris Lodde is a FinTech company that helps you provide insurance coverage of various types. This platform can be called an insurance manager that provides its customers with a digital way to improve its policies.
Clark raised 69M in a Series-C Round led by Tencent, which also had the participation of some existing investors, including Portage (Portag3) Ventures, White Star Capital, and Yabeo. The fund has been speculated to be used for the growth and development of Clark’s product and user acquisition.
In the article, you will be able to grab more information about Clark’s company specifications, features, a bunch of insurance they provide, and much more. Let’s jump into the brief details ahead.
Customer-centric, Frankfurt-based insurance advisor Clark specifications have been provided below from the headquarters, IPO status details to the total funding amount received till now.
|Headquarters||Frankfurt, Hessen, Germany|
|Founders||Christopher Oster, Steffen Glomb, Dr. Marco Adelt, Garrett Whitmore, and Chris Lodde|
|Legal Name||Clark Germany GmbH|
|Last Funding Type||Series-C|
|Total Funding Amount||$133.7M|
|Number of Employees||501-1000|
|Phone Number||069 153 229 339|
Clark insurance coverage platform is preferred by millions due to its transparent, cheap, and comprehensive service, and it has recently received a $69M raised in its series-C funding.
This InsurTech industry headquartered in the European Region has combined technology and insurance guidance together with Insurance expertise on board.
Clark is supported by FinTechincubator FinLeap and the insurance think tank ITA and has offered simple insurance coverage to at least 300,000 customers from Germany and Austria and is still working to help millions in the coming year. It has been working successfully with its paper-based policy and was looking for investors to fund them for the growth and development of their tools, products, and user acquisition.
The recent founder Tencent was behind the series-C funding of Clark along with the other investor participation groups of the company, including Yabeo, White Star Capital, and Portage3 Ventures.
Let’s get to know about the previous funding status of Clark through the table below.
|Funders||Funding Amount||Funding Date||Investors|
|Target Global||–||October 5, 2015,||5|
|–||$13.2||29 September 2016||10|
|Lexington Partners||29 June 2017||1|
|Portage Ventures and White Star Capital||$29M||25 April 2018||6|
|Tencent||$69M||12 January 2021||5|
After learning hugely about the current and former funding of Clark, let’s dive to know the mission and features that make it suitable for “Clark raises $69M series”.
Clark believes that “The important thing in life should be simple, CLARK makes insurance simple and helps to ensure people properly.” Insurance has always been a tiresome topic, and it is also known that still, Insurance is still running in the digital stone stage. Their goal and mission are to change it completely and turn it simple, transparent, and less hectic.
Here are some of the missions and features of Clark that have led it to gain “Clark raises $69M in Series-A title”.
The Frankfurt-based Germany Clark provides various insurance customer services, and some of them have been included in the list below.
A comprehensive and transparent insurance service by Clark and its efficient application is one of the reasons behind the Clark receiving various funding. Recently Clark has also had 105 Million Euros in venture capital funding but has not made any public statement about it as they are currently working on their expansion. Let’s get to know more reasons and facts that are leading to their expansion.
Clark’s services are widely known for being the best companion in selecting the right insurance or investment products, by concluding the contract with the company and staying during the term and end of the contract. Let’s get to know the customer services details below:
|Contact Email IDemail@example.com@clark.de|
|Contact Number||069 153 229 339|
|Clark Germany GmbHWilhelm-Leuschner-Strasse 17-1960329 Frankfurt am Main|
|Timings||Mon – Fri, 8 a.m. to 8 p.mSat, 9 a.m. to 4 p.m|
|Clark Android App||Clark|
|Clark Cloud Application||Clark|
Clark’s transparent and comprehensive insurance coverage has received $69M in Series-C, and there are several reasons why it is chosen by millions of its customers worldwide. The best part is the high standards and procedures it has for the security of its customer’s personal data. They are committed to providing secure, confidential processing of personal data for its employees, contractors, website users, and stakeholders.
Ans: Clark has 21 investors, some of which are Tencent and Coparion.
Ans: Clark has raised $133.7M in total.
Ans: The last funding round of Clark was held on Jan 12, 2021, from a Series C round.
Ans: Clark’s competitors may include Turtlemint, Newfront, and Luko.