Today, Clark announced that it has raised €69M in Series C funding. This latest round of funding was led by Summit Partners, with participation from Accel, Index Ventures, and other leading investors. With this new capital, Clark will continue to build out its team and technology to provide the best possible experience for customers across Europe. In addition, Clark will use the funds to expand its operations into new markets.
Clark, a Berlin-based startup that provides digital health insurance services, has raised €69 million in Series C funding.
Clark, a Berlin-based startup focused on providing digital health insurance services, recently secured €69 million in Series C funding from investors including German entrepreneurs as well as Chinese tech giant Tencent. This brings the startup’s total capital to over €90 million, allowing the company considerable financial runway to further expand their services and deepen its foothold in the insurance industry. Clark’s technology provides customers real-time access to their medical data and insights tailored to their unique health profile, offering a level of customer convenience not typically associated with health insurance companies. This additional funding should help the company continue to innovate and grow both domestically in Germany and around Europe.
This brings Clark's total funding to €142 million, which includes a €40 million Series B announced last year.
Germanybased Clark is celebrating a €69 million Series C funding round, led by strategic investor Tencent. This brings the company's total funding to €142 million, following their €40 million Series B last year. The new money will allow Clark to accelerate the development of its artificial intelligence and robotics enabled insurance products, further powering the digitization of traditional insurance markets. With this successful round under its belt, Clark is positioning itself to become a leader in intelligent insurance services.
The new funding will be used to expand Clark's team and product offerings, as well as to enter new markets.
Clark, a frankfurt germanybased startup, has recently secured its 69 million series investment to expand its team and product offerings. This additional funding will also allow the company to launch into new markets and further grow the business. With this increased capability, Clark is poised to make a big impact in the tech market by offering innovative products and services that solve real-world problems. The future of Clark looks bright and is sure to be an exciting development in the industry!
Clark is currently available in Germany and Austria, but plans to launch in the Netherlands later this year.
Tencent, with its Frankfurt-Germanybased office, is set to make waves in the Netherlands this year with the launch of the highly anticipated Clark series of products. Aiming to provide consumers with a comprehensive range of products and services, such as insurance, banking and investments, Clark is already making its mark in Germany and Austria, allowing customers to take care of financial matters quickly and conveniently. With the launch in the Netherlands imminent, many are surely excited at the prospect of being able to reap all the benefits it could potentially bring.
All in all, Clark's Series C funding of nearly €70 million represents an incredible leap forward for their business and the digital health insurance industry as a whole. This substantial new investment assumes a much larger significance due to the dramatic shift we've seen in how individuals and companies alike are viewing digital health insurance services in recent years. With this new influx of cash, Clark is poised to become one of the top providers of digital personal finance and health insurance products in Europe and beyond. As they continue to expand their team, product offerings, and geographic reach, it will be interesting to see what advancements they bring to the market — and more importantly, where that growth takes them next.