# Clark Germany

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/clark-germany

- Industry: Insurance
- Headquarters: Frankfurt, Germany
- Website: www.clark.de
- Total disclosed funding: $128M
- Latest round: Series C (Jan 11, 2021)
- Investors on record: 17

## About

Clark Germany GmbH, based in Frankfurt, Germany, operates as a digital insurance manager, enabling users to efficiently manage their insurance contracts through a comprehensive app.Founded in 2015 in Frankfurt, Germany, Clark Germany GmbH specializes in providing a digital platform for insurance management. The firm has successfully raised EUR 69.00 mn through its latest funding round, Series C, led by Tencent Investment along with other investors such as Finleap and Portage Ventures. The company has facilitated 9 deals to date, reflecting its active presence in the market. Chris Lodde and Marco Adelt are among the founders, while the current CEO is Christer Schulz-Gärtner.CLARK operates as a digital insurance manager, primarily focused on providing a streamlined platform for users to manage their insurance contracts efficiently and without the complications of paper documentation. Their core offerings center around the CLARK App, which enables users to obtain a comprehensive overview of their insurance policies regardless of where they were purchased. The app functions by analyzing the user's existing contracts and providing suggestions for potential improvements, helping clients optimize their insurance coverage. CLARK serves a diverse customer base, including over 700,000 users, ranging from individuals seeking personal insurance solutions to families and professionals looking for tailored coverage that aligns with their lifestyles. The company’s offerings are primarily available in the DACH region (Germany, Austria, and Switzerland), appealing to a market that values digital solutions in managing insurance needs.In the most recent year, 2022, CLARK reported a revenue of EUR 28,068,996.30, with an EBITDA of EUR -15,221,369.40. The company generates revenue through a subscription-based model, where users access the CLARK App without charge and can opt for paid services, including personalized consulting from independent insurance experts.Clark Germany GmbH plans to use its recent funding to develop new features for the CLARK App, enhancing user experience and expanding its capabilities. Additionally, the company is targeting growth in new geographic markets, although specific regions and timelines for these expansions have not been disclosed. Recent funding will support these initiatives, including potential collaborations and partnerships to further enrich their service offerings.

## Funding rounds

- Series C, Jan 11, 2021, $85M — Tencent Investment, White Star Capital, Yabeo Capital, Finleap, Portage Ventures
- Series B, Apr 25, 2018, $29M — Kulczyk Investments, White Star Capital, Yabeo Capital, Coparion, Portage Ventures, Manta Ray Ventures, ING Ventures
- Seed, Jul 15, 2016, $15M — Kulczyk Investments, TA Ventures, Axel Springer Digital Ventures, Target Global, German Media Pool, Finleap, Coparion, Tenderloin Ventures, ProSiebenSat.1 Accelerator, Icebay Investitionsgesellschaft mbH, annocon Value GmbH
- Seed, Oct 5, 2015 — Target Global, Finleap, ProSiebenSat.1 Accelerator

## Investors

- Target Global (https://capitalatlas.ai/funds/target-global) — Seed
- Finleap (https://capitalatlas.ai/funds/finleap) — Seed, Series C
- ProSiebenSat.1 Accelerator — Seed
- Kulczyk Investments — Seed, Series B
- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Seed
- Axel Springer Digital Ventures (https://capitalatlas.ai/funds/axel-springer-digital-ventures) — Seed
- German Media Pool (https://capitalatlas.ai/funds/german-media-pool) — Seed
- Coparion (https://capitalatlas.ai/funds/coparion) — Seed, Series B
- Tenderloin Ventures (https://capitalatlas.ai/funds/tenderloin-ventures) — Seed
- Icebay Investitionsgesellschaft mbH — Seed
- annocon Value GmbH — Seed
- White Star Capital (https://capitalatlas.ai/funds/white-star-capital) — Series B, Series C
- Yabeo Capital (https://capitalatlas.ai/funds/yabeo-capital) — Series B, Series C
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Series B, Series C
- Manta Ray Ventures (https://capitalatlas.ai/funds/manta-ray-ventures) — Series B
- ING Ventures (https://capitalatlas.ai/funds/ing-ventures) — Series B
- Tencent Investment — Series C