Tencent backs insurance startup Clark in $85US round. We talk to Clark’s CEO

This is the fintech track of Startuprad.io. Find us on Twitter: https://twitter.com/fintech_germany

Learn more about us at www.startuprad.io

 

[A Ping-Pong table, a PlayStation or
a table football] don’t help that much if the [corporate culture] is broken.

Christopher Oster, CEO and Co-Founder Clark

 

In this interview we are talking to a previous guest. Christopher Oster is
the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk
to him about the appearance of Clark on Bloomberg’s list of startups to watch,
back in 2017. Now they raised an 85 m US$ series C venture capital round, with
noteworthy investor Tencent from China. We talk to him about the funding, the
way to the funding and their plans. 

 

Insurance has still not really
penetrated by technology … you have unhappy customers … this is a great
opportunity for a founder.

Christopher Oster, CEO and Co-Founder Clark

 

Enabler

This recording was made
possible by (Hessen Trade and Invest). Learn more about our enabler here: https://www.invest-in-hessen.com/

 

In 2015 there was almost no funding
for insurtech startups, it all started in 2016

Christopher Oster, CEO and Co-Founder Clark

 

 

The Founder

In this interview we are talking to Christopher (https://www.linkedin.com/in/dr-christopher-oster-3158802/)
the CEO and co-founder of Frankfurt-based insurtech clark. In the past we talk
to him about the appearance of Clark on Bloombergs list of startups to watch,
back in 2017.

 

You have a paper folder with your
insurance policies, but nobody checks if the insurance policies still matches
your life.

Christopher Oster, CEO and Co-Founder Clark

 

The Startup

 

The startup
was built by a group of four friends, who to together, since they could not
find the help they wanted with their insurance needs. The whole founding team
is still on board, more than 5 years after the company was set up Crunchbase (https://www.crunchbase.com/organization/clark-2), company website (https://www.clark.de/).  

 

An average German has six insurance
policies with 4 different insurance carriers.

Christopher Oster, CEO and Co-Founder Clark

 

The Interview
from 2017

 

The whole blog post is here: https://www.startuprad.io/interviews/clark-de-startup-germany-bloombergs-list-50-promising-startups/

Or just tune in to the interview here:

https://open.spotify.com/episode/3xryTBqaxncpSrnXO3L3QQ?si=2qC09ZDDTJ6XnewH7_LMvg

 

For our series a, we talked to 300
VCs or so. There was a lot of uncertainty and many other companies started as
well.

Christopher Oster, CEO and Co-Founder Clark

 

Feedback

 

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The
Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and
host of Startuprad.io. Reach out to him:

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