Clark, a Berlin, Germany-based digital insurance platform, raised a second round of funding of undisclosed amount.
The round was led by Target Global with participation from FinLeap and ProSiebenSat.1 Accelerator, members of the Clark management team and financial service industry veterans Karl-Heinz Flöther and Dr. Thomas Noth.
The company intends to use the funds to to push forward the development of the platform.
Founded in June 2015 by Dr. Christopher Oster, Steffen Glomb and Dr. Marco Adelt, Clark is an insurance platform for millennials and digital natives to find the insurance that is right for them from offerings of over 160 renowned insurance companies.
Existing contracts are managed in a smart online portfolio that provides customers the relevant details of insurance contracts and notifies them if it is favorable to switch to a different contract.