Tencent backs insurance startup Clark in $85 million round

  • Frankfurt-based finance startup Clark has raised €69 million ($85 million) in fresh funding led by Chinese tech giant Tencent. 
  • The German insurance startup has 300,000 customers in Germany and Austria and is aiming for 1 million in the next three years, the company said. 
  • “We wanted to raise last April but the stock market had collapsed and we thought maybe it would be ridiculous, so we waited until the markets calmed down again,” Christopher Oster, Clark cofounder and CEO, told Insider in an interview.
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Frankfurt-based Insurtech startup Clark has raised €69 million ($85 million) in fresh funding led by Chinese tech giant Tencent. 

Clark offers digital insurance management options allowing users to see their insurance choices in one place and helps to identify better offers through its platform. The German startup has 300,000 customers in Germany and Austria and is aiming for a

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