White Star Capital, the Frankfurt-based VC firm, has invested EUR69 million in Advanced protection director Clark, which will be put to use in product development, client-obtaining endeavors in Germany, and the expansion of the company globally. With this latest investment, the company has moved one step closer to its ultimate goal, which is to disrupt the advanced protection industry in Frankfurt and also the global market.
Insurtech startup Clark, based in Frankfurt, Germany, has raised EUR69 million from Tencent, one of the largest Chinese internet companies. This investment will help the startup expand its product portfolio and build a larger client base. The company currently has more than 450,000 clients in Germany and also hopes to grow this number to one million by 2023. The company uses artificial intelligence to help people choose the right insurance plan based on their needs.
The new funding will allow Clark to expand its product offerings and also grow its client base rapidly. The company has already acquired a German internet information company, which was a key step in building its product. Tencent’s investment in the company will allow the company to expand globally.
White Star Capital
Clark, a digital insurance manager, raised EUR69 million in Series C funding led by Tencent. The round also included Portag3 Ventures and Yabeo. The funds will be used to expand and also increase the company’s growth.
White Star Capital is an international venture capital firm that focuses on emerging technology and global businesses. The firm has local investment teams in different locations, and also an international platform that allows it to invest in a broad range of industries and sectors. This unique platform allows White Star Capital to target companies in different markets that are on the cutting edge of innovation.
A digital insurance manager called Clark has raised EUR69 million in Series C funding from Tencent, a leading Chinese internet company. The money will help the company expand its product and also increase its client base. At the moment, Clark has signed up over 450,000 customers in Germany, and is looking to have a million by 2023. The company plans to use the new funds to continue building their product and also hire more employees.
The money is being invested in the company’s digital platform, which will make it easier for customers to manage their insurance contracts. It will also help consumers compare insurance policies from different insurers, which will help them find better deals. The company was founded in 2015, and also currently serves more than 300,000 customers across Germany and Austria. However, it intends to expand to other markets as it grows.
Clark 69m Series
The insurtech company Clark, which provides a computerized protection supervisor, has just secured EUR69m from Tencent, a Chinese web goliath. The money will help the company expand its procurement efforts and speed up its development. The company was founded in June 2015 and also has already enrolled more than 450,000 clients in Germany. The company plans to grow its user base to a million by 2023.
With a business model centered on artificial intelligence and also a reliable distribution channel, the company is well-positioned to expand worldwide. It currently employs more than 200 people at three different locations. Its goal is to build a global client base and also a reputation for providing cutting-edge, user-friendly insurance products.
A digital insurance startup based in Frankfurt, Germany, raised EUR69M in Series C funding in June 2019. The company provides affordable protection products, with a focus on customer experience. Clark has received backing from leading tech companies, including Tencent. With its focus on technology and also its ability to communicate with clients, the company has been able to grow a strong user base.
The investment will help the company expand its product offerings and also attract new clients. The company currently has more than 450,000 customers in Germany and also plans to reach a million users worldwide by 2023. The company’s AI-driven platform helps people find the right insurance plan for their needs.
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