Frankfurt, Germany-Based Clark Raised EUR69 Million From Tencent
White Star Capital invests EUR69 million
Digital insurance manager Clark has raised EUR69 million from Tencent, one of the world’s biggest internet companies. The money will be used to expand the company’s product line and client base. The company currently serves over 450,000 clients in Germany, and it aims to reach 1 million by 2023. With this funding, the company will continue to develop its AI-based products and increase its user base.
The company’s business model revolves around artificial intelligence, which is key to its success. It also has a top-notch distribution channel and strong customer support. It currently employs over 200 people in three locations. With the additional funding, the company is confident of expanding its business internationally and achieving its growth goals.
Clark has already acquired a German internet information company, Yabeo. With the additional funding from Tencent, the company can expand its product offerings and rapidly grow its client base. Additionally, the investment will help Clark expand its global presence. Clark was founded in June 2015 and has already signed up over 450,000 customers in Germany. The company is aiming to reach a million users by 2023.
The company has a strong go-to-market strategy, excellent distribution channels, and a recognizable brand. It is positioned to disrupt the protection industry. Its EUR69 million Series C funding will position it to compete with other players in the field.
The latest investment in the German insurance market will help Clark expand its services. Tencent is one of the world’s biggest web companies, and the investment from the Chinese company will enable the company to reach a global user base. It will also help Clark expand its business into the Chinese market. It will also launch new products and services, including a game-based antivirus solution.
The new investment will help the company expand its development and procurement efforts, which will lead to more global expansion. The company has more than 200 employees and plans to double its customer base by 2023.
Tencent also invests in frankfurt germanybased insurtech company
Tencent has invested EUR69 million in Frankfurt-based insurtech company Clark, which specializes in helping customers manage their insurance policies. The funding will allow Clark to expand its product offering, accelerate development, and expand its client base. As of today, the company has more than 450,000 customers in Germany, but plans to expand globally in the near future. The money will also be used to expand the company’s digital platform and increase recruitment efforts.
Clark’s product is an insurance platform that allows consumers to buy insurance products, track claims history, and more.
The investment will also help Clark expand internationally. The company has signed up over 450,000 users in Germany, but Tencent’s investment will enable it to grow to one million. The funds will be used to hire more employees and continue product development.
Clark has raised EUR69 million in Series C funding from Tencent. The money will help the company expand its product offering and increase user acquisition in Germany.
The company was founded in 2015 and has a goal of having 1 million users by 2023.
The investment will help the insurtech company expand its development and procurement efforts in Germany. The company employs more than 200 people across three locations in Germany and is using artificial intelligence to make insurance shopping easier. The money will also be used to build a reputation for offering cutting-edge insurance products.
The company’s aim is to reinvent the insurance industry. It uses a digital platform to analyze a customer’s insurance situation and recommend better options. It has served more than 300,000 customers in Germany and plans to expand into Austria by 2020. The startup’s founders, Dr. Marco Adelt and Philip Steiner, will use the new funding to enhance its product and customer acquisition strategies.
Despite the investment, Clark has not publicly commented on the deal. Clark’s investors are likely to have put in a substantial amount of money. Its valuation is in the billions of euros, but it’s not 100 percent accurate. The company’s investors should have raised at least $78 million, and they could have raised more. In that case, Clark’s valuation would be $354 million, and the cash would have tripled. This would be a huge deal for the company.