Today, Clark 69m is the largest insurance company in the world, with EUR194 billion in gross written premium and 50k mostly offline brokers. But the insurance industry is highly fragmented, and most policyholders are dissatisfied with their current providers, leading them to seek out digital alternatives. To meet this demand, Clark 69m has raised EUR69 million in Series C funding.
Tencent
In June of this year, digital insurance manager Clark announced that it had raised EUR69 million in Series C funding from Tencent, one of the biggest Chinese Internet companies. The money will be used to expand the company’s product offering and build its client base. The startup currently serves over 450,000 clients in Germany and hopes to reach one million by 2023. This investment will help Clark continue its focus on developing its AI-based product and user acquisition efforts in the German market.
Clark, based in Frankfurt, Germany, has a proven business model that centers on artificial intelligence. The company employs over 200 people in three offices. The company is also aiming to expand internationally and has built a solid user base. Clark is also a very customer-centric company with a high level of customer service and support. Clark’s AI-driven platform helps users find the right insurance plan based on their life circumstances and risk factors.
Transparency
Digital insurance manager Clark has raised EUR69 million in Series C funding led by Tencent, Portag3 Ventures, and White Star Capital. The funds will be used to accelerate growth, product development, and user acquisition. In addition to the funding, the company has received additional funding from existing investors Tencent, Portag3 Ventures, and White Star Capital. As of the second quarter of 2019, the company has raised EUR39m, making it the largest round of funding in its history.
The company provides transparent and affordable insurance cover through its digital platform. It is company has approximately 300,000 customers in Germany and Austria, with plans to reach one million customers within three years. The company was founded in 2015 and is part of a wave of German insurtech disruptors. Tencent led the Series C funding, and existing investors included Portag3 Ventures, White Star Capital, and Yabeo.
Independence
Clark, a digital insurance manager, has raised EUR69 million in Series C funding led by Tencent. This investment will allow the company to leverage its strong position in the German insurance market to expand internationally. With over 450,000 customers in Germany, the company plans to grow to one million by 2023. The money will also help the company expand its service offerings. Clark’s mission is to offer customers a better way to shop for and buy insurance.
Founded in 2013, Clark is a digital insurance manager company with an impressive go-to-market strategy. The company offers digital insurance products and services for both individuals and businesses. The company has recently raised EUR69M in Series C funding. With this additional funding, the company plans to expand its digital platform and product development efforts. If it is successful, Clark could become a market leader in the insurance industry.
Safety
A digital insurance manager, Clark, has raised EUR69 million in Series C funding from Tencent, a Chinese web giant. The money will be used to improve the product and expand its client base. The company has over 450,000 customers in Germany and hopes to grow to a million by 2023. The company has artificial intelligence at its core, and the new investment will help the company grow. It is expected to reach full functionality by 2023.
Clark is a modernized security boss organization based in Germany that offers state-of-the-art assurance items and administrations for a wide range of customers, including homes, vehicles, and clinical environments. In June 2019, the company raised EUR69 million in Series C funding. It has an easy to understand, feature-rich concept and a highly credible idea. The company’s vision is to empower people to live safer lives.
Client care
The digital insurance manager, The Frankfurt, has raised EUR69 million in Series C funding led by Chinese internet giant Tencent. The funding will be used to further develop the company’s product and expand its client base. Based in Frankfurt, Germany, the company has over 450,000 users, but plans to reach one million by 2023. Its artificial intelligence-based platform makes it simple to find an insurance policy.
Final Words:
Founded in June 2015, Clark is a digital insurance manager with a client base of more than 450,000 clients in Germany. Its team plans to reach one million clients by 2023. Tencent’s investment will help the company expand globally and increase its number of employees. Its team is located in Frankfurt, Germany, Vienna, and Hamburg. The company is committed to increasing its client base and establishing its strong reputation in customer service.
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