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Clark

clark.de

Founded Year

2015

Stage

Series C | Alive

Total Raised

$127.62M

Last Raised

$83.82M | 2 yrs ago

About Clark

Clark allows users to assess their insurance status through an app (iOS and Android) or website. Based on algorithms, the robo-advisor provides analysis on the customers' insurance situation and automatically proposes optimization opportunities by searching for tariffs from more than 160 insurance companies. On request, experts are available to assist customers with specific questions.

Headquarters Location

Wilhelm-Leuschner-Straße 17-19

Frankfurt, 60329,

Germany

+49 069 153 229 339

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Clark's Products & Differentiators

    Digital Insurance Manager

    CLARK gives people peace of mind by enabling them to get properly insured. Our customer-facing application with features such as contract overview, contract ratings, an insurance library, life-situation-based recommendations, best tariff curation and easy access to experts offers them an easy and convenient insurance management.

Research containing Clark

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Clark in 4 CB Insights research briefs, most recently on Oct 11, 2021.

Expert Collections containing Clark

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Clark is included in 2 Expert Collections, including Insurtech.

I

Insurtech

3,678 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

4,872 items

Track and capture company information and workflow.

Clark Patents

Clark has filed 1 patent.

The 3 most popular patent topics include:

  • Construction equipment
  • Construction equipment manufacturers
  • Excavators
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/14/2019

11/15/2022

Grant

Application Date

10/14/2019

Grant Date

11/15/2022

Title

Related Topics

Status

Grant

Latest Clark News

The Fintech Company Clark Closed a €100 Million Deal

May 12, 2022

As can be seen from the documents, the deal consists of two steps, which are quite common. In order to finance the takeover, Clark once again collected money from its shareholders. The largest tranche came from the existing investor Tencent. The direct bank ING, which had once taken a stake in Clark in the course of cooperation, also participated in the financing round 0 At the end of last year, the Frankfurt-based fintech company Clark announced an acquisition: The company behind the insurance app announced it was acquiring Finanzen Group. With its Finanzen.de website, the Allianz subsidiary had specialized in the business of contacts from potential insurance customers – so-called leads. After the deal, Clark declared itself “a unicorn and one of the largest insurtech companies in the world,” and was valued by its backers at more than $1.04 billion (€1 billion). How did the company come to this valuation? Last year, the company remained ironclad in its silence on the subject. Even now, no details are leaking out; the company still doesn’t want to comment. However, the minutes of the shareholders’ meetings now allow some exciting conclusions to be drawn about the acquisition for the first time: As can be seen from the documents, the deal consists of two steps, which are quite common. In order to finance the takeover, Clark once again collected money from its shareholders. The largest tranche came from the existing investor Tencent. The direct bank ING, which had once taken a stake in Clark in the course of cooperation, also participated in the financing round – although the cooperation was terminated again. Other investors also participated. If you want to find more details about the fintech company Clark and its latest acquisition, and to read the most important financial news of the day, download for free our companion app Born2Invest. Another $104 million (€100 million) in cash In a second step, Clark took over the shares of “Mercato Leadmanagement Investments Holdings GmbH”, which is Finanzen.de. In return, Allianz received shares from Clark – and not by a small margin. After the deal, the company will own around 24 percent. On the other hand, the document states: “The company will make a payment to ASI (an Allianz company) in the amount of $1.04 billion (€1 billion), by which a part of the value of the contribution in kind exceeding the total amount of the new shares will be compensated.” Accordingly, an additional $104 million (€100 million) will flow in cash. It is thus certainly one of the largest fintech deals in Germany. Part of the money will certainly come from the financing round. “It is quite possible that Clark has taken in additional loans for the deal,” said an industry insider. The financing round involves Kreos, which also offers loan financing. This is quite common in such deals, he added. Nevertheless, the investors are likely to have put a large amount into the company. If the billion-euro valuation is correct – and there were doubts about that – Clark should have raised at least $78 million (€75 million). But it could also be more. In this scenario, the value of the acquisition would then be $354 million (€340 million) (=$250 million (€240 million) for the Clark shares + $104 million (€100 million) in cash). Clark would thus have managed to roughly triple its own company valuation in the course of a year. This still seems ambitious. __ DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our  disclaimer  for more information. This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these  important disclosures . First published in  finanz-szene.de , a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail. Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Clark Web Traffic

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Page Views per Million (PVPM)
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Clark Rank

Clark Frequently Asked Questions (FAQ)

  • When was Clark founded?

    Clark was founded in 2015.

  • Where is Clark's headquarters?

    Clark's headquarters is located at Wilhelm-Leuschner-Straße 17-19, Frankfurt.

  • What is Clark's latest funding round?

    Clark's latest funding round is Series C.

  • How much did Clark raise?

    Clark raised a total of $127.62M.

  • Who are the investors of Clark?

    Investors of Clark include Yabeo Capital, FinLeap, Portage Ventures, White Star Capital, Tencent Holdings and 14 more.

  • Who are Clark's competitors?

    Competitors of Clark include wefox and 6 more.

  • What products does Clark offer?

    Clark's products include Digital Insurance Manager.

Compare Clark to Competitors

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Etvas

Etvas is a digital B2B2X platform for additional services that enhance the products of business partners and optimize customer contact points in order to achieve better monetization and customer loyalty. The cloud API-based marketplace connects all providers of value-added services with customers of banks, insurance companies, online shops, and mobile phone providers under one digital roof. The company was founded in 2019 and is based in Hamburg Germany.

C
Comeco

Comeco develops TEO, a multibanking app that goes far beyond finance: from contract and financial management to lifestyle banking and photo transfers.

B
Bolttech

Bolttech provides technology-enabled insurance and financial services. It delivers device protection through repair and delivery services, switch programs, trade-ins, and technical support to protect customers’ electronic devices. The company was founded in 2020 and is based in Singapore.

F
Feather

Feather is a digital insurance company that provides insurance plans and advice based on the users lifestyle. Feather was founded in 2018 and is based in Berlin, Germany.

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Habit Analytics

Habit Analytics is a stack of real-time services and data intelligence for traditional insurance companies. Habit Analytics uses human behavioral profiling to enable insurers to improve their underwriting models and promote additional services to their customers.

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