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Clark raises US$29M

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Clark breaks European insurtech financing record with US$29M Series B round

Berlin/Frankfurt, 25 April 2018 - ​Insurance-robo-advisor Clark is pleased to announce the closing of a US$29 million financing round, the largest Series B financing of any European insurtech to date, led by FinTech investor Portag3 Ventures and transatlantic fund White Star Capital. Existing investors, including Coparion, Kulczyk Investments and Yabeo Capital, also invested new funds in the Frankfurt and Berlin-based company, bringing total financing to date to US$45 million. The Fintech company builder FinLeap remains as major shareholder with the company.