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

[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 

 EnablerThis 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 FounderIn 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 

  

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

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