– GERMANY, Frankfurt – CLARK, The digital insurance manager, today announced the completion of its Series C financing round of 69 million euros led by Tencent while existing investors such as Portag3 Ventures, White Star Capital, and Yabeo are also increasing their stake.
With this financing, CLARK will accelerate its rapid growth through further investments in its product and customer acquisition and further expand its competitive edge. T
“We are thrilled to be able to grow even faster with Tencent’s help to achieve our goal of becoming the largest consumer insurance broker in Europe,” said CEO and co-founder, Dr. Christopher Oster.
“With its technology-driven and customer-centric business model, CLARK is a clear market leader in the digital insurance industry in Germany. We are pleased that our investment will support CLARK in driving its growth in the InsurTech industry, “said Alex Leung, Assistant General Manager of Tencent.
About CLARK
CLARK is a leading insurance manager and offers its customers a fully digital opportunity to improve their insurance. After a 5-minute registration process, customers have the opportunity to view the status of their insurance situation in a clear insurance cockpit in the app and on the website. CLARK offers an algorithm-based analysis of all of the customer’s tariffs. CLARK searches the entire market to identify the best tariffs. Customers then have the opportunity to improve their insurance situation with just a few clicks. CLARK was founded in June 2015 by Dr. Christopher Oster, Steffen Glomb, Dr. Marco Adelt, and Chris Lodde and has also been offering its service in Austria since 2020. In addition to Marco Adelt, the management in Austria is Dr. Philip Steiner. CLARK is recognized for combining a technology-driven approach with qualitative advice from experts.
CLARK is looking forward to becoming the market leader in the insurance brokerage segment, which in Germany and Austria alone comprises a commission volume of 20 billion euros. The market is ripe for a change, as many customers are dissatisfied with existing solutions in the insurance industry. CLARK combines data intelligence with personal contact with personal insurance advisors to give its customers the best possible recommendation. CLARK thus achieves a customer satisfaction rate of 90%.
For more information: https://www.clark.de/
About Tencent
Tencent uses technology to enrich the lives of internet users. Our communication and social platforms, Weixin and QQ, connect users, and make their lives easier. Our targeted advertising platform helps advertisers reach hundreds of millions of consumers in China. Our FinTech and business services support the business growth of our partners and help them with digital upgrades. Tencent invests heavily in talent and technological innovation, and actively promotes the development of the Internet industry. Tencent was founded in Shenzhen, China in 1998. Tencent’s shares (00700.HK) are listed on the Main Board of the Hong Kong Stock Exchange.
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